Shares of Wynn Resorts Inc. (WYNN) fell 4.8% to $114.06 despite the casino operator reporting fourth-quarter results that beat Wall Street's view.
The Las Vegas company swung to a fourth-quarter profit of $65.5 million, or 57 cents a share, from a year-earlier loss of $55.4 million, or 55 cents a share. Revenue rose to $711.3 million from $563.6 million. Excluding items, earnings were 72 cents a share.
Analysts expected, on average, earnings of 68 cents a share on revenue of $692 million.
The stock has made a nice move from $95 to $120 since January 22 bottom.
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