Thursday, October 20, 2011

Wynn gets hit on earnings...

Wynn Resorts Ltd. (WYNN). The casino operator swung to a quarterly profit as revenue at its Wynn Macau unit soared 42 percent, but it won less money than usual in Las Vegas. Adjusting for one-time items, Wynn earned $1.05 per share in the third quarter. The company's quarterly net revenue rose 30 percent to $1.3 billion from a year earlier. 


Wynn is down 7 to 123 on the news.

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