Tuesday, February 3, 2015

Wynn Resorts (WYNN) Stock Declining in After-Hours Trading Today on Earnings Miss

NEW YORK (TheStreet) -- Shares of Wynn Resorts Ltd. are lower by 3.59% to $150.20 in after-hours trading on Tuesday, after the company reported earnings and revenue for the 2014 fourth quarter that fell short of analysts' expectations. For the most recent fourth quarter the casino resorts operator said its adjusted net income was $122.4 million, or $1.20 per diluted share compared to $231.2 million, or $2.27 per diluted share for the 2013 fourth quarter. Analysts were expecting Wynn Resorts to post earnings of $1.43 per share for the latest quarter. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Revenue for the 2014 fourth quarter was $1.14 billion versus $1.51 billion for the year ago period. Analysts had forecast for revenue of $1.21 billion for the quarter. Separately, TheStreet Ratings team rates WYNN RESORTS LTD as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation: "We rate WYNN RESORTS LTD (WYNN) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, good cash flow from operations, expanding profit margins, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself." You can view the full analysis from the report here: WYNN Ratings Report WYNN data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.


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