Wynn Resorts’ Loss Narrows by 52%
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Casino operator Wynn Resorts Ltd. said that its net loss in the second quarter shrank 52% to $20.1 million, but the take from its Las Vegas property was on the lower end of expectations because of an unlucky month in June.
The net loss for the quarter that ended June 30 amounted to 20 cents a share. The adjusted net loss by which analysts measure performance was $4.9 million, or 5 cents a share.
Revenue grew 35.9% to $273.4 million.
Wynn shares fell $2.31 to $61.70 before results were announced. They fell 70 cents in after-hours trading.
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