Wynn Resorts 2Q Operating Revenue Falls [MarketWatch]
WYNN MACAU LTD UNSP/ADR (WYNMY)
NASDAQ:AMEX Investor Relations:
en.wynnmacaulimited.com
Company Research
Source: MarketWatch
The company posted a loss of $130.1 million, or $1.14 per share, for the second quarter, compared with a loss of $131.4 million, or $1.15 per share, a year ago. Adjusted loss per share was 82 cents. Analysts polled by FactSet expected an adjusted loss of $1.11 per share. Operating revenues were $908.8 million, down from $990.1 million a year ago. Analysts expected $981 million. Operating revenue increased by $206 million at its Las Vegas operations and was up by $44.9 million at its Encore Boston Harbor business. On the other hand, operating revenue fell by $211.7 million at Wynn Palace and declined $125.4 million at Wynn Macau, the company said. Write to Kathryn Hardison at kathryn.hardison@wsj.com
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