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Wynn (WYNN) Q1 Earnings Top, Revenues Miss

Wynn Resorts (WYNN) just released its first quarter fiscal 2016 earnings results, posting earnings of $1.07 per share and revenue of $997.7 million.

Currently, WYNN has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.


1. Beat earnings estimates. The company posted earnings of $1.07 per share, beating our Zacks Consensus Estimate of $0.83.

2. Missed revenue estimates. The company saw revenue figures of $997.7 million, missing our estimate of $1.007 billion.  

3. Net revenues from Macau were $608.2 million, down 13.8% from the 705.4% recorded in the first quarter of 2015.

4. Wynn also announced a cash dividend of $0.50 per share, payable on May 26, 2016 to stockholders of record on May 17, 2016.

5. WYNN was up $1.38, or 1.54%, to $91.00 as of 5:06 PM ET in after hours trading shortly after its earnings report was released.

Here’s a graph that looks at Wynn’s latest earnings performance:



Wynn Resorts Limited and its wholly-owned subsidiaries Wynn Las Vegas and Wynn Capital will own and operate Le Reve, which they've designed to be the preeminent luxury hotel and destination casino resort in Las Vegas. Le Reve will be situated at the site of the former Desert Inn & Casino on the Las Vegas Strip in Las Vegas, Nevada.


Check back later for our full analysis onWynn’s latestquarterly earnings report!

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