Wynn Resorts posted first-quarter earnings of US$2.30 per share on revenue of US$1.7bn. The consensus earnings estimate was $1.96 per share, while the Earnings Whispers number was $2.01 per share.
Revenue, while up 20%, was just shy of projections, according to Bloomberg. Total revenue for the quarter rose to $1.72 billion, compared with analysts’ estimates of $1.75 billion.
Wynn Resorts traded 1.1% lower to US$188 after hours.
The New York Post reported earlier this month that Wynn Resorts could be in play as an acquisition for rival MGM Resorts International (NYSE:MGM).
Two months after allegations of sexual misconduct surfaced, 76-year-old Steve Wynn sold his stake in the casino company that bears his name. Wynn was locked in an ugly, years-long courtroom battle with his ex-wife, Elaine Wynn, which unearthed sordid allegations of sexual misconduct and rape against the King of Las Vegas.