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Wynn Resorts Q2 results beat estimates as Macau recovery accelerates

Investing.com - Wynn Resorts reported Wednesday second-quarter results that beat analysts' forecasts as the post-COVID recovery in the gambling mecca of Macau continued to boost growth and offset weakness in North America. 

Wynn Resorts Limited (NASDAQ:WYNN) shares rose 1% in after-hours trade following the report.

Wynn Resorts reported adjusted EPS of $0.91 on revenue of $1.60 billion. Analysts polled by Investing.com anticipated EPS of $0.64 on revenue of $1.54 billion.

The beat comes as strength in its the gaming, luxury retail and hotel businesses in the Chinese special administrative region of Macau offset weakness in North America.  

Operating income in Macau swung to $121.7 million, from a loss of $185.3 million in the year-ago period. While income in Las Vegas fell to $123.3 million from $261.8 million a year earlier.

 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.