Wynn stock rises after results beat estimates, helped by Macau, North America

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Shares of Wynn Resorts rose after hours on Wednesday after the casino and resort operator reported second-quarter results that beat expectations, helped by a rebound in Macau and strong trends in North America. The company reported net income of $127.8 million, or 84 cents a share, contrasting with a loss of $213.4 million, or $1.14 a share, in the same quarter last year.

Shares of Wynn Resorts WYNN rose after hours on Wednesday after the casino and resort operator reported second-quarter results that beat expectations, helped by a rebound in Macau and strong trends in North America. The company reported net income of $127.8 million, or 84 cents a share, contrasting with a loss of $213.4 million, or $1.14 a share, in the same quarter last year. Revenue jumped to $1.59 billion from $908.8 million in the prior-year quarter.

Shares of Wynn Resorts WYNN rose after hours on Wednesday after the casino and resort operator reported second-quarter results that beat expectations, helped by a rebound in Macau and strong trends in North America. The company reported net income of $127.8 million, or 84 cents a share, contrasting with a loss of $213.4 million, or $1.14 a share, in the same quarter last year. Revenue jumped to $1.59 billion from $908.8 million in the prior-year quarter.

 

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