CLSA Downgrades Wynn Resorts (WYNN) to Underperform
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Wynn Resorts, Limited Reports Second Quarter 2016 Results
July 28, 2016 4:14 PM EDTLAS VEGAS--(BUSINESS WIRE)-- Wynn Resorts, Limited (Nasdaq: WYNN) today reported financial results for the second quarter ended June 30, 2016.
Net revenues were $1.06 billion for the second quarter of 2016, compared to $1.04 billion in the same period of 2015. The increase was the result of a 3.6% increase from our Macau Operations, partially offset by a 1.1% decrease from our Las Vegas Operations.
On a U.S. GAAP basis, net income attributable to Wynn Resorts, Limited was $70.4 million, or $0.69 per diluted share, for the second quarter of 2016, compared to $56.5 million, or $0.56 per diluted share, in the same... More
