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Wynn Resorts (WYNN) Stock Tumbles as Q3 Results Miss Expectations

NEW YORK (TheStreet) -- Shares of Wynn Resorts (WYNN) were dropping 9.58% to $87.27 on heavy trading volume late Thursday afternoon after the casino resorts operator posted lower-than-anticipated results for the 2016 third quarter.

Following yesterday's market close, Las Vegas-based Wynn reported adjusted earnings of 75 cents per share, below Wall Street's estimates of 78 cents per share.

Revenue of $1.11 billion fell short of analysts' projections of $1.12 billion. For the company's Wynn Macau operations in the Macau region...