By Associated Press - Wednesday, January 30, 2019

LAS VEGAS (AP) - Wynn Resorts Ltd. (WYNN) on Wednesday reported fourth-quarter profit of $476.6 million.

On a per-share basis, the Las Vegas-based company said it had net income of $4.41. Earnings, adjusted for pretax gains, were $1.06 per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.



The casino operator posted revenue of $1.69 billion in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $1.57 billion.

For the year, the company reported profit of $584.2 million, or $5.46 per share. Revenue was reported as $6.72 billion.

Wynn shares have increased 22 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed roughly 7 percent. In the final minutes of trading on Wednesday, shares hit $120.69, a decline of 30 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WYNN at https://www.zacks.com/ap/WYNN

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