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© Reuters. Wynn Resorts is profitable, with revenue in the second quarter exceeding
Investing.com-Wynn Resorts (NASDAQ:) announced Wednesday’s second-quarter results that exceeded analysts’ expectations and revenues also exceeded expectations.
Wynn Resorts announced earnings per share of -1.12 U.S. dollars and revenue of 990.1 million U.S. dollars. Analysts surveyed by Investing.com expect earnings per share of -1.51 U.S. dollars and revenue of 93094 million U.S. dollars.
Wynn Resorts’ stock price is down 19% from the beginning of the year, and is still down 36.61% from the 52-week high of $143.75 set on March 15. Their performance lags behind the S&P 500 Index, which rose 17.19% from the beginning of the year.
Wynn Resorts follows the earnings of other major consumer discretionary industries this month
The Wynn Resorts report was released after Amazon.com’s earnings exceeded expectations on July 29. The latter reported earnings per share of $15.12 and revenue of $113.08B, while forecasted earnings per share were $12.23 and revenue was 115.42. B dollars.
Tesla exceeded expectations on July 26, with earnings per share of US$1.45 and revenue of US$11.96B in the second quarter, while expected earnings per share were US$0.9417 and revenue of US$11.51B.
Learn about all upcoming earnings reports by visiting Investing.com’s earnings calendar
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