Wynn Resorts Ltd. Q3 Loss Decreases, but misses estimates

Wynn Resorts Ltd. (WYNN) released Loss for third quarter that decreased from last year but missed the Street estimates.

The company's earnings totaled -$142.89 million, or -$1.27 per share. This compares with -$166.25 million, or -$1.45 per share, in last year's third quarter.

Excluding items, Wynn Resorts Ltd. reported adjusted earnings of -$135.40 million or -$1.20 per share for the period.

Analysts on average had expected the company to earn -$1.00 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 10.5% to $889.72 million from $994.64 million last year.

Wynn Resorts Ltd. earnings at a glance (GAAP) :

-Earnings (Q3): -$142.89 Mln. vs. -$166.25 Mln. last year.
-EPS (Q3): -$1.27 vs. -$1.45 last year.
-Analyst Estimates: -$1.00
-Revenue (Q3): $889.72 Mln vs. $994.64 Mln last year.

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