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Red Rock Resorts Q1 Earnings Drop, Revenue Rises; Dividend Maintained; Shares Fall After Hours
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Red Rock Resorts Q1 Earnings Drop, Revenue Rises; Dividend Maintained; Shares Fall After Hours
May 7, 2024 1:42 PM

04:21 PM EDT, 05/07/2024 (MT Newswires) -- Red Rock Resorts ( RRR ) reported Q1 earnings of late Tuesday of $0.68 per diluted share, down from $0.75 a year earlier.

Analysts polled by Capital IQ expected $0.65

Net revenue in the quarter ended March 31 rose to $488.9 million from $433.6 million a year earlier. Analysts surveyed by Capital IQ expected $490.7 million.

The company maintained its quarterly dividend at $0.25 a share, payable on June 28 to stockholders of record on June 14.

Shares of the company fell 4.4% in after-hours trading.

Price: 51.99, Change: -2.37, Percent Change: -4.36

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