LAS VEGAS (AP) — LAS VEGAS (AP) — Wynn Resorts Ltd. (WYNN) on Tuesday reported first-quarter earnings of $72.7 million.
The Las Vegas-based company said it had net income of 69 cents per share. Earnings, adjusted for non-recurring costs, were $1.07 per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The casino operator posted revenue of $1.7 billion in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $1.73 billion.
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