Wynn Resorts stock climbs 30% in a year despite earnings dip
Wynn Resorts, a global operator of luxury casinos and hotels, has seen its stock market rise by 30.2% over the past year. Despite this growth, shares remain nearly 12% below their October peak of $134.23. Recent financial results and analyst updates have drawn fresh attention to the company’s performance.
In the third quarter, Wynn Resorts reported an 8.3% increase in operating revenues, reaching $1.83 billion. However, adjusted earnings per share (EPS) dipped slightly from $0.90 to $0.86 compared to the same period last year.
Wynn Resorts’ stock market has climbed 22.1% in the last six months, though it remains below its recent high. The company’s revenue growth and expansion plans contrast with short-term earnings pressures. Analysts remain largely optimistic about its long-term prospects.