Investing.com - Wynn Resorts (NASDAQ:WYNN) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Wynn Resorts announced earnings per share of $-3.54 on revenue of $953.7M. Analysts polled by Investing.com anticipated EPS of $-0.88 on revenue of $1.09B. That with comparison to EPS of $1.61 on revenue of $1.65B in the same period a year before. Wynn Resorts had reported EPS of $-0.62 on revenue of $1.65B in the previous quarter. Analysts are expecting EPS of $-1.49 and revenue of $964.5M in the upcoming quarter.
Wynn Resorts shares are down 42% from the beginning of the year , still down 48.32% from its 52 week high of $153.41 set on January 17. They are under-performing the Nasdaq which is down 2.05% year to date.
Wynn Resorts shares lost 2.43% in after-hours trade following the report.
Wynn Resorts follows other major Services sector earnings this month
Wynn Resorts's report follows an earnings missed by Amazon.com on April 30, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on April 30 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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