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The Investment Committee give you their top names to watch for the second half.
The Investment Committee give you their top stocks to watch for the second half.
Wynn Resorts, Limited's Q1 results missed Wall Street's expectations. Earnings declines in Wynn's Macau properties caused pressure as the VIP hold faltered and competitive pressure remains high. Tariffs have caused delays on $375 million of Wynn's previously planned U.S. investments. Rising U.S.-China tension may also weigh on consumers, causing an uncertain outlook for WYNN stock.
WYNN's first-quarter top line reflects lower contributions from total Macau, Las Vegas and Encore Boston Harbor operations.
President Trump's return to tough tariff talk has informed today's market sentiment.
The headline numbers for Wynn (WYNN) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Wynn Resorts, Limited (NASDAQ:WYNN ) Q1 2025 Earnings Conference Call May 6, 2025 4:30 PM ET Company Participants Julie Cameron-Doe - Chief Financial Officer Craig Billings - Chief Executive Officer Brian Gullbrants - Chief Operating Officer, North America Conference Call Participants Carlo Santarelli - Deutsche Bank Sean Kelley - Bank of America David Katz - Jefferies Stephen Grambling - Morgan Stanley Robin Farley - UBS John DeCree - CBRE Brandt Montour - Barclays Ben Chaiken - Mizuho Chad Beynon - Macquarie Joseph Stauff - Susquehanna Operator Welcome to the Wynn Resorts First Quarter 2025 Earnings Call. All participants are in a listen-only mode until the question-and-answer session of today's conference.
Wynn Resorts (WYNN) came out with quarterly earnings of $1.07 per share, missing the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $1.59 per share a year ago.
Revenue fell to $1.7 billion compared with $1.86 billion a year ago. Analysts had expected $1.74 billion.
LAS VEGAS--(BUSINESS WIRE)--Wynn Resorts, Limited (NASDAQ: WYNN) ("Wynn Resorts" or the "Company") today reported financial results for the first quarter ended March 31, 2025. Operating revenues were $1.70 billion for the first quarter of 2025, a decrease of $162.5 million from $1.86 billion for the first quarter of 2024. Net income attributable to Wynn Resorts, Limited was $72.7 million for the first quarter of 2025, compared to net income attributable to Wynn Resorts, Limited of $144.2 millio.