Wynn Resorts, Limited ( WYNN ) shares are trading lower after the company reported its second-quarter financial results Tuesday. Here's a look at the key figures for the quarter.

The Details: Wynn Resorts ( WYNN ) reported quarterly earnings of $1.12 per share on revenue of $1.733 billion with both figures missing the analyst consensus estimates.

For the second quarter of 2024, operating revenues increased by $79.7 million, $35.7 million, $50.6 million at Wynn Palace, Wynn Macau and the Las Vegas Operations, respectively, and decreased $9.3 million at Encore Boston Harbor, from the second quarter of 2023.

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The company’s board of directors declared a cash dividend of 25 cents per share, payable on Aug. 30, 2024, to stockholders of record as of Aug.t 19, 2024.

“Our second quarter results, including a new second-quarter record for Adjusted Property EBITDAR, reflect continued strength throughout our business. I am incredibly proud of our teams in Las Vegas, Macau and Boston,” said Craig Billings, CEO of Wynn Resorts, Limited ( WYNN ).

“Importantly, we continue to invest in growing the business, with construction on Wynn Al Marjan Island in the UAE progressing at a rapid pace. During the quarter, we also finalized a transaction to acquire our pro-rata share of the land on Al Marjan Island Three, including a sizable land bank for potential future development opportunities for Wynn Resorts ( WYNN ) or for selected third parties complementary to Wynn Al Marjan.”

WYNN Price Action: According to Benzinga Pro, Wynn Resorts ( WYNN ) shares are down 0.84% after-hours at $74.65 at the time of publication Tuesday.

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