Wynn Resorts (WYNN) Q2 Earnings Top, Revenues Miss Estimates
Wynn Resorts, Limited (NASDAQ: WYNN ) reported its second-quarter 2022 results, wherein earnings surpassed the Zacks Consensus Estimate but revenues missed the same. Moreover, the top line also declined year over year. Craig Billings, CEO of Wynn Resorts, Limited, stated, "Our second quarter financial results reflect continued strength at both Wynn Las Vegas and Encore Boston Harbor. Our teams'' ongoing focus on five-star hospitality and new experiences at our market-leading properties combined with very strong customer demand drove a new all-time quarterly record for Adjusted Property EBITDA at Wynn Las Vegas and a second quarter record at Encore Boston Harbor." Q2 Earnings Revenues The company reported an adjusted loss of 82 cents per share, narrower than the Zacks Consensus Estimate of a loss of 94 cents. In the prior-year quarter, the company reported an adjusted loss of $1.12 per share. Revenues during the second quarter came in at $908.8 million, missing the Zacks Consensus Estimate of $1,009 million by 9.9%.
Wynn Resorts (WYNN) Q2 Earnings Top, Revenues Miss Estimates
Wynn Resorts, Limited (NASDAQ: WYNN ) reported its second-quarter 2022 results, wherein earnings surpassed the Zacks Consensus Estimate but revenues missed the same. Moreover, the top line also declined year over year. Craig Billings, CEO of Wynn Resorts, Limited, stated, "Our second quarter financial results reflect continued strength at both Wynn Las Vegas and Encore Boston Harbor. Our teams'' ongoing focus on five-star hospitality and new experiences at our market-leading properties combined with very strong customer demand drove a new all-time quarterly record for Adjusted Property EBITDA at Wynn Las Vegas and a second quarter record at Encore Boston Harbor." Q2 Earnings Revenues The company reported an adjusted loss of 82 cents per share, narrower than the Zacks Consensus Estimate of a loss of 94 cents. In the prior-year quarter, the company reported an adjusted loss of $1.12 per share. Revenues during the second quarter came in at $908.8 million, missing the Zacks Consensus Estimate of $1,009 million by 9.9%.