Wynn Resorts Ltd (WYNN) Misses Q4 EPS by 30c, Revenues Beat

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Go back to Wynn Resorts Ltd (WYNN) Misses Q4 EPS by 30c, Revenues Beat

Wynn Resorts, Limited Reports Fourth Quarter and Year End 2018 Results

January 30, 2019 4:02 PM EST

LAS VEGAS--(BUSINESS WIRE)-- Wynn Resorts, Limited (NASDAQ: WYNN) ("the Company") today reported financial results for the fourth quarter and year ended December31, 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 $1.69 billion in the fourth quarter of 2018, an increase of 4.0%, or $65.4 million, from $1.62 billion in the fourth quarter of 2017. Operating revenues from Wynn Palace and our Las... More