Red Rock Resorts (RRR) Tops Q1 EPS by 30c

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Go back to Red Rock Resorts (RRR) Tops Q1 EPS by 30c

Red Rock Resorts Announces First Quarter 2018 Results

May 1, 2018 4:01 PM EDT

LAS VEGAS, May 01, 2018 (GLOBE NEWSWIRE) -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ: RRR) today reported financial results for the first quarter ended March 31, 2018.  The Company has adopted FASBs new revenue recognition standard (ASC 606), effective January 1, 2018.  Certain prior period amounts have been adjusted to reflect the full retrospective adoption of ASC 606, with no material impact on operating income, net income or Adjusted EBITDA(1).

Net revenues were $421.0 million for the first quarter of 2018, a decrease of 1.1%, or $4.7 million, from $425.7 million for the same period of... More