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Published on 11 May 2022 on Zacks via Yahoo Finance

Wynn Resorts (WYNN) Q1 Earnings & Revenues Miss Estimates


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Wynn Resorts, Limited WYNN reported first-quarter 2022 results, with earnings and revenues missing the Zacks Consensus Estimate. Nevertheless, the metrics increased on a year-over-year basis.Craig Billings, CEO of Wynn Resorts, Limited, stated, "Our first quarter results reflect continued strength at both Wynn Las Vegas and Encore Boston Harbor where our teams' unrelenting focus on five star hospitality and world class experiences combined with very strong customer demand to deliver a new first quarter record for Adjusted Property EBITDA at both properties."

Q1 Earnings & Revenues

The company reported an adjusted loss of $1.21 per share, wider than the Zacks Consensus Estimate of a loss of $1.15. In the prior-year quarter, the company reported an adjusted loss of $2.41 per share.

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