Wynn to announce earnings two weeks early

Wynn Resorts Ltd. announced today it would release its financial results for the fourth quarter and year ended Dec. 31 on Thursday. The decision to move up the release date by two weeks sent Wynn shares higher by almost 3 percent in early morning trading.

The casino operator with properties in Las Vegas and Macau did not disclose a reason for the change.

Wynn also plans to build a second Macau casino on 52-acres on the Cotai Strip.

"We expect Wynn to report a strong fourth quarter, as we estimate (earnings) of $193 million and earnings per share of 44 cents at the high end of the company's previous guidance," said Joseph Greff, an analysts with J.P. Morgan in a note to clients.

Shares of Wynn were up $3.19, or 2.70 percent, in mid-day trading to $121.20 on the Nasdaq stock market. Wynn shares set a new 52-week high Tuesday reaching $122.89 a share moments after the opening bell.

Contact reporter Chris Sieroty at csieroty@reviewjournal.com or 702-477-3893.


Rules for posting comments

Comments posted below are from readers. In no way do they represent the view of Stephens Media LLC or this newspaper. This is a public forum. Read our guidelines for posting. If you believe that a commenter has not followed these guidelines, please click the FLAG icon next to the comment.


Due to an increase in uncivil behavior and dialogue the Review-Journal has temporarily disabled the comment boards. The Review-Journal will use the time to evaluate the effectiveness of the comment boards and find an appropriate time to reintroduce them to reviewjournal.com.