Wynn Resorts Beats Q1 Profit Estimates on Macau Gains
Wynn Resorts reported a first-quarter adjusted profit of $1.25 per share, beating Wall Street estimates. Macau profits rose over 10% and total revenues grew 9.2%.
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WYNN RESORTS LTD reported first-quarter adjusted profit of $1.25 per share, exceeding LSEG analyst estimates of $1.18 per share. Total operating revenues rose 9.2% as property earnings in Macau grew more than 10% during the period. The results signal a robust recovery in the Chinese gaming hub despite ongoing project monitoring in the Middle East.
