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Wynn Resorts Remains Firmly Negative After Initial Drop


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(RTTNews.com) - After gapping open sharply lower, shares of Wynn Resorts Ltd. ( WYNN ) continue to see considerable weakness in late-day trading on Thursday. Wynn Resorts is currently down by 12.9 percent.

The initial sell-off by Wynn Resorts came after the hotel and casino operator reported weaker than expected third quarter earnings. CEO Matthew Maddox also said Wynn Resorts has seen a "slowdown" at its Macau location.

Wynn Resorts reported third quarter adjusted earnings of $1.68 per share, a penny below the $1.69 per share expected by economists.


Read the original article on RTTNews (http://www.rttnews.com/2953543/wynn-resorts-remains-firmly-negative-after-initial-drop.aspx)


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This article appears in: Stocks , Technology
Referenced Symbols: WYNN



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