— The casino stock rose 2.5% on second-quarter results that topped expectations on the top and bottom lines. Wynn Resorts reported adjusted earnings of 91 cents per share on revenue of $1.6 billion. That came in ahead of the 59 cents and $1.54 billion expected by analysts, per Refinitiv.— AppLovin shares surged 22% on strong second-quarter results and optimistic third-quarter revenue guidance.
Illumina topped Wall Street's expectations for the second quarter, but said it anticipates some weakness in the second half, due to a protracted recovery in China and more cautiousness in purchasing from customers. The company expects full-year revenue to rise 1% year over year, versus the 7.1% uptick analysts expected, per Refinitiv.
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Wynn stock rises after results beat estimates, helped by Macau, North AmericaShares 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.
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