Wynn Resorts Q1 Profit and Revenue Miss the Mark (WYNN)

By
A A A
Share |

Casino/resort operator Wynn Resorts, Limited ( WYNN ) late Monday posted first quarter earnings results that declined from last year, missing Wall Street's expectations.

The Las Vegas-based company reported first quarter net income of $140.6 million, or $1.23 per share, compared with $173.8 million, or $1.39 per share, in the year-ago period. Excluding special items, adjusted profit was $1.33 per share.

Revenue rose 4% from last year to $1.314 billion.

On average, Wall Street analysts expected a larger profit of $1.41 per share, on slightly higher revenue of $1.33 billion.

Wynn Resorts shares closed down $2.21, or -1.7%, in Monday trading.

The Bottom Line
Shares of Wynn Resorts ( WYNN ) have a 1.60% dividend yield, based on today's closing stock price of $124.97. The stock has technical support in the 110-$120 price area. If the shares can firm up, we see overhead resistance around the $130-$140 price levels.

Wynn Resorts, Limited ( WYNN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: WYNN

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

Most Active by Volume

112,131,130
  • $74.98 ▲ 5.18%
57,963,905
  • $8.32 ▲ 8.33%
48,392,602
  • $3.45 ▼ 0.29%
45,276,527
  • $36.17 ▲ 4.21%
44,800,927
  • $17.84 ▲ 0.34%
44,539,649
  • $97.03 ▼ 0.16%
44,078,180
  • $15.62 ▲ 0.64%
43,461,551
  • $35.50 ▼ 1.06%
As of 7/24/2014, 04:04 PM