Myfxtools
  • Login
  • Expert Advisors
  • Forex Signals
    • Best Forex Signals
  • Forex Brokers
  • Forex Trading
    • Forex Guides
    • Analytical Tools
    • Charting Software
  • Crypto Trading
  • Portfolios
No Result
View All Result
  • Expert Advisors
  • Forex Signals
    • Best Forex Signals
  • Forex Brokers
  • Forex Trading
    • Forex Guides
    • Analytical Tools
    • Charting Software
  • Crypto Trading
  • Portfolios
  • Login
Myfxtools
  • Log In
Home News

Wynn Resorts Reports Profit in Q2 as Revenue Rises

by Myfxtools
August 10, 2023
in News
Share on TwitterShare on Facebook

Wynn Resorts, the renowned Las Vegas-based operator of resorts and casinos, reported a profitable second quarter with increased revenue primarily driven by the success of its North American and Macau resorts.

Strong Financial Performance

During the second quarter, Wynn Resorts achieved a profit of $105.2 million, equivalent to 84 cents per share. This marks a significant improvement compared to the loss of $130.1 million, or $1.14 per share, recorded in the same period last year. Analysts surveyed by FactSet had anticipated earnings of 66 cents per share, making the actual earnings of 84 cents per share a noteworthy outperformance.

After adjusting for specific one-time items, Wynn Resorts’ adjusted per-share earnings amounted to 91 cents. This surpassed analysts’ expectations of 64 cents per share as predicted by FactSet.

Impressive Revenue Growth

In terms of revenue, Wynn Resorts demonstrated substantial growth, generating $1.6 billion in the second quarter compared to $908.8 million in the previous year. Analysts polled by FactSet had forecasted revenue of $1.54 billion, making the actual revenue result even more impressive.

Factors Behind the Success

Wynn Resorts’ Chief Executive, Craig Billings, credited the ongoing recovery from the Covid-19 pandemic as a significant factor in boosting performance in the company’s Macau segment. Additionally, the North American resorts also exhibited notable strength during this period.

forex ea chart
Would you like to try out trading with an Expert Advisor?
Check Out Best Forex EAs Here
Tags: Macau resortsNorth American resortsQ2 earningsrevenue growthWynn Resorts
Previous Post

Doximity Stock Faces Challenges as Revenue Forecast Falls Short Again

Next Post

NeuroPace Reports Strong Q2 Results and Raises 2023 Outlook

Next Post

NeuroPace Reports Strong Q2 Results and Raises 2023 Outlook

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

26 − = 21

Recent Posts

  • Dividend Funds See Resurgence Amid Rate-Cut Bets, Volatility
  • Fed Stress Tests Clear All Banks Amid Softer Scenarios
  • U.S. Stocks Close Out Second Strong Month with Gains
  • U.S. Court Orders Argentina to Cede YPF Stake
  • NZD/USD Strengthens as Fed Independence Questioned
  • About Us
  • Contact Us
  • Privacy Policy
  • Risk Disclosure
Myfxtools turns raw trade logs into verified dashboards and AI-driven insights - helping traders see, share, and sharpen their edge.

© 2025, Myfxtools. All rights reserved.

AI Strategy Insight is educational and not financial advice.

  • Expert Advisors
  • Forex Signals
    • Best Forex Signals
  • Forex Brokers
  • Forex Trading
    • Forex Guides
    • Analytical Tools
    • Charting Software
  • Crypto Trading
  • Portfolios

© 2025, Myfxtools. All rights reserved.

AI Strategy Insight is educational and not financial advice.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In