financetom
Business
financetom
/
Business
/
Casino operator Wynn beats fourth-quarter estimates on strength in Las Vegas business
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Casino operator Wynn beats fourth-quarter estimates on strength in Las Vegas business
Feb 13, 2025 2:06 PM

(Reuters) - Casino operator Wynn Resorts ( WYNN ) beat analysts' estimates for fourth-quarter profit and revenue on Thursday, driven by strong business in Las Vegas and other regional properties, sending its shares up about 3% in extended trading.

Peer MGM Resorts International also beat quarterly estimates earlier this week, aided by robust bookings across its properties.

Wynn saw operating revenue from Las Vegas rise to $699.5 million during the quarter, compared with $696.8 million a year ago.

The company - which operates Wynn Palace and Wynn Macau properties - posted a nearly 6% dip in operating revenue from Macau to $363.7 million.

The casino operator's total quarterly operating revenue came in at $1.84 billion, compared with analysts' average estimate of $1.77 billion, according to data compiled by LSEG.

Adjusted profit per share was at $2.42, also ahead of the estimate of $1.22.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US senators blast FAA for failing to act earlier on helicopters near airplanes
US senators blast FAA for failing to act earlier on helicopters near airplanes
Mar 27, 2025
WASHINGTON, March 27 (Reuters) - U.S. senators on Thursday criticized the Federal Aviation Administration for failing to act for years to address helicopters in dangerous proximity to commercial airplanes near Reagan Washington National Airport. Why did the FAA not act on 15,000 reports of dangerous proximity? How were these helicopter routes allowed to remain when alarm bells were literally going...
What's Going On With Coca-Cola Stock Today?
What's Going On With Coca-Cola Stock Today?
Mar 27, 2025
Coca-Cola Company ( KO ) shares are trading higher on Thursday. According to Benzinga Pro, KO stock has gained over 15% in the past year. The U.S. Food and Drug Administration recalled 864 12-packs of Coca-Cola sold in two states earlier this month, and on Monday, the recall was classified as Class II. The recalled beverages, which were bottled and distributed...
Ferrari to Adjust Pricing Policy Amid Upcoming US Import Tariffs on European Cars
Ferrari to Adjust Pricing Policy Amid Upcoming US Import Tariffs on European Cars
Mar 27, 2025
10:35 AM EDT, 03/27/2025 (MT Newswires) -- Ferrari (RACE) said Thursday it plans to adjust its pricing policy due to expected new US import tariffs on European cars. The automaker also reaffirmed its financial targets for 2025 but said profitability margins could be hit by a 50 basis point reduction due to the new tariffs. Prices will remain unchanged for...
Darden Restaurants Insider Sold Shares Worth $375,434, According to a Recent SEC Filing
Darden Restaurants Insider Sold Shares Worth $375,434, According to a Recent SEC Filing
Mar 27, 2025
10:36 AM EDT, 03/27/2025 (MT Newswires) -- John W. Madonna, Senior Vice President, Corporate Controller, on March 24, 2025, sold 1,806 shares in Darden Restaurants ( DRI ) for $375,434. Following the Form 4 filing with the SEC, Madonna has control over a total of 7,192 common shares of the company, with 7,192 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/940944/000122520825003668/xslF345X05/doc4.xml Price:...
Copyright 2023-2025 - www.financetom.com All Rights Reserved