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Wynn Resorts Stock Pops on Earnings. Why Analysts Say It’s a Buy.
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Shares of Wynn Resorts were climbing Friday after the casino and hotel operator posted a fourth-quarter earnings beat. While quarterly operating revenue of $1.84 billion surpassed the $1.78 billion Wall Street anticipated, the figure was roughly flat with the prior year. CEO Craig Billings noted that the company “delivered strong quarterly performance in Las Vegas on very tough comparables” and continued to make headway on projects in other regions, including the Wynn Al Marjan Island project in the United Arab Emirates.
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