Wynn Resorts Ltd (WYNN) Misses Q2 EPS by 22c; Macau Revenues Fall 36%

Wynn Resorts Ltd (NASDAQ: WYNN) reported Q2 EPS of $0.74, $0.22 worse than the analyst estimate of $0.96. Revenue for the quarter came in at $1.04 billion versus the consensus estimate of $1.07 billion.

Macau Operations

In the second quarter of 2015, net revenues were $617.0 million, a 35.8% decrease from the $960.6 million generated in the second quarter of 2014. Adjusted property EBITDA in the second quarter of 2015 was $173.4 million, down 43.5% from $307.0 million in the second quarter of 2014, due primarily to weakness in the gaming segment.

Las Vegas Operations

For the quarter ended June 30, 2015, net revenues were $423.5 million, a 6.2% decrease from $451.4 million in the second quarter of 2014. Adjusted property EBITDA was $122.0 million, down 23.9% compared to the prior year.

For earnings history and earnings-related data on Wynn Resorts Ltd (WYNN) click here.

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