Red Rock Resorts (RRR) Tops Q4 EPS by 9c, Revenues Beat

Red Rock Resorts (NASDAQ: RRR) reported Q4 EPS of $0.39, $0.09 better than the analyst estimate of $0.30. Revenue for the quarter came in at $343.4 million versus the consensus estimate of $342.17 million.

Fourth Quarter Results:

• Net revenues were $343.4 million for the fourth quarter of 2020, a decrease of 25.5%, or $117.4 million, from $460.8 million for the same period of 2019, primarily due to the on-going impacts of the COVID-19 pandemic.
• Net income was $49.6 million for the fourth quarter of 2020, an increase of $42.8 million, from $6.8 million for the same period of 2019.
• Adjusted EBITDA(1) was $150.5 million for the fourth quarter of 2020, an increase of 9.4%, or $12.9 million, from $137.6 million in the same period of 2019.

For earnings history and earnings-related data on Red Rock Resorts (RRR) click here.

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