Red Rock Resorts (RRR) Misses Q1 EPS by 19c, Revenues Beat

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Red Rock Resorts Announces First Quarter 2019 Results

April 30, 2019 4:03 PM EDT

LAS VEGAS, April 30, 2019 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ: RRR) today reported financial results for the first quarter ended March 31, 2019.  

Net revenues were $447.0 million for the first quarter of 2019, an increase of 6.2%, or $26.0 million, from $421.0 million for the same period of 2018. The increase in net revenues was  primarily due to an increase in Las Vegas operations.

Net income was $20.3 million for the first quarter of 2019, a decrease of 75.3%, or $61.8 million, from $82.1 million for the same period of 2018.... More