Wynn Resorts Ltd (WYNN) Misses Q3 EPS by 1c

Wynn Resorts Ltd (NASDAQ: WYNN) reported Q3 EPS of $1.68, $0.01 worse than the analyst estimate of $1.69. Revenue for the quarter came in at $1.71 billion versus the consensus estimate of $1.66 billion.

Operating revenues from Wynn Palace were $730.6 million for the third quarter of 2018, a 39.1% increase from $525.0 million for the same period of 2017. Adjusted Property EBITDA from Wynn Palace was $226.1 million for the third quarter of 2018, a 63.6% increase from $138.2 million for the same period of 2017. Entertainment, retail and other revenues and Adjusted Property EBITDA for the third quarter of 2018 include $5.4 million of business interruption insurance proceeds related to the full settlement of claims from Typhoon Hato in 2017.

Operating revenues from our Las Vegas Operations were $398.9 million for the third quarter of 2018, a 14.1% decrease from $464.3 million for the same period of 2017. Adjusted Property EBITDA from our Las Vegas Operations was $95.3 million, a 37.1% decrease from $151.5 million for the third quarter of 2017.

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

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