Wynn Resorts Ltd (WYNN) Misses Q3 EPS by 1c
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Wynn Resorts, Limited Reports Third Quarter 2018 Results
November 7, 2018 4:02 PM ESTLAS VEGAS--(BUSINESS WIRE)-- Wynn Resorts, Limited (Nasdaq: WYNN) today reported financial results for the third quarter ended September30, 2018. The results reflect the Companys adoption of the 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 impact to operating income, net income or Adjusted Property EBITDA (1).
Operating revenues were $1.71 billion for the third quarter of 2018, an increase of 10.2%, or $157.7 million, from $1.55 billion for the same period of 2017. Operating revenues from Wynn Palace and our Wynn Macau Operations increased $205.5 million and... More
