CLSA Downgrades Wynn Resorts (WYNN) to Underperform
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Nomura Securities Downgrades Wynn Resorts (WYNN) to Reduce
July 29, 2016 8:56 AM EDTNomura Securities downgraded Wynn Resorts (NASDAQ: WYNN) from Neutral to Reduce with a price target of $83.00 (from $78.00).
Analyst Richard Huang commented, "WYNN's soft 2Q results are the least of the company's worries. WYNN commented that it will receive only 100 table games... More
Wynn Resorts Ltd (WYNN) Tops Q2 EPS by 16c; Macau Revenue Rose 3.6%
July 28, 2016 4:15 PM EDTWynn Resorts Ltd (NASDAQ: WYNN) reported Q2 EPS of $1.07, $0.16 better than the analyst estimate of $0.91. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.02 billion.
Macau Operations
Net revenues from our Macau Operations were $639.3 million for the second quarter of 2016, a 3.6% increase from $617.0 million in the same period of 2015. Adjusted Property EBITDA from our Macau Operations was $190.4 million for the second quarter of 2016, a 9.8% increase from $173.4 million in the same period of 2015.
Casino... More
