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Last quarter did not have July, so this will be a drag on the 3rd Q
and Pelosi is pocking the hornets nest by going to Taiwan
could China claim more covid lockdowns to retaliate ?
Not just price targets, but shifting to buy or overweight.
All this in an environment where other much bigger stocks are choking on downgrades on seemingly everything!
Do not that a great deal of investment funds are required to buy upgrades and to reallocate as needed.
So time to accumulate!
Las Vegas Strip Monthly Gaming Revenue Up 20%, Macau Revenue Down 95%
isn't all of LVS earnings in Macau and online now ?
Wynn Resorts NASDAQ:WYNN reported its Q2 earnings results on Tuesday, August 9, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Wynn Resorts beat estimated earnings by 18.81%, reporting an EPS of $-0.82 versus an estimate of $-1.01.
Revenue was down $81.28 million from the same period last year.
"While pandemic-related restrictions continued to impact our financial results this quarter, we were pleased to see the recovery in Singapore accelerate during the quarter, with Marina Bay Sands delivering $319 million in adjusted property EBITDA. We remain enthusiastic about the opportunity to welcome more guests back to our properties as greater volumes of visitors are eventually able to travel to both Singapore and Macao," said Robert G. Goldstein, chairman and chief executive officer. "We also remain steadfast in our commitment to supporting our team members and to helping those in need in each of our local communities as they recover from the impact of the pandemic."
Analysts polled by Capital IQ estimated a loss of $0.29 per share.
Revenue for the casino company totaled $1.05 billion, down from $1.17 billion a year earlier.
Analysts' estimate was $949.4 million.
missed on earnings again.