Wynn loses in first quarter

Investor's Business Daily – Tue 8 May, 2012 4:04 AM IST

The Las Vegas casino resort giant disappointed investors with Q1 results below analysts' forecasts for profit and sales. Wynn Resorts (WYNN - News) EPS fell 3.6% to $1.33, missing by 8 cents. Revenue edged up 4.2% to $1.314 bil. Analysts expected $1.335 bil. Revenue rose 9.8% to $951 mil at Wynn Macau casinos, "offset by an 8.1% drop in our revenues in Las Vegas" to $363 mil. It fell 1.5% late.

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