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Tuesday, July 29, 2014

Wynn Earnings Jump On Sin-City Resurgence



Investors.com http://ift.tt/1nYLipq Wynn Resorts' (WYNN) earnings per share leapt nearly 40% to $2.11, better than Wall Street's $1.95 per-share target, amid cost-cutting measures and a general resurgence of visitors to Las Vegas. Shares fell early after the company reported a 6% hike in revenue to $1.41 billion, short of consensus for $1.43 billion, on a general slowdown at Chinese gambling enclave Macau. But shares quickly recovered and were up 4% on the stock market today,


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