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Wynn Resorts (WYNN) Stock Slides Despite Q2 Earnings Beat

NEW YORK (TheStreet) -- Wynn Resorts (WYNN) posted earnings and revenue that surpassed analyst' estimates for the 2016 second quarter after Thursday's closing bell.

The Las Vegas-based casino and resort company reported adjusted earnings of $1.07 per share, exceeding analysts' expectations of 91 cents per share.

Revenue for the period was $1.06 billion, above analysts' projections of $1.02 billion.

Macau revenues rose 3.6% to $639.3 million from last year. But Las Vegas revenues declined 1.1% to $419 million year-over-year.