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Wynn Resorts craps out on its fourth quarter numbers

Posted Feb 24th 2009 6:20PM by Michael Fowlkes (RSS feed)
Filed under: After the Bell, Major Movement, Earnings Reports, Forecasts, Bad News, Recession, Financial Crisis

Wynn Resorts Q4 Earnings fall short of expectationsThis afternoon, Wynn Resorts (NASDAQ: WYNN) had its turn in the earnings lineup, and the company failed to meet analyst estimates for the quarter, and is being punished in after hours trading as a result.

Going into this afternoon's earnings announcement, analysts had been hoping to see the company show earnings of $0.44 per share on revenues of $703.53 million. Adjusted earnings for the quarter were far below this, with a reported $0.07 cents per share on only $614.3 million in revenues.

Continue reading Wynn Resorts craps out on its fourth quarter numbers

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