Wynn Resorts Ltd. Q3 Profit Declines 56%

(RTTNews) - Wynn Resorts Ltd. (WYNN) released earnings for third quarter that decreased from last year.

The company said its earnings fell to $87.57 million, or $0.86 per share. This was down from $199.18 million, or $1.95 per share, in last year's third quarter.

Analysts had expected the company to earn $0.88 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 27.0% to $1.00 billion. This was down from $1.37 billion last year.

Wynn Resorts Ltd. earnings at a glance:

-Earnings (Q3): $87.57 Mln. vs. $199.18 Mln. last year. -Earnings Decline (Y-o-Y): -56.0% -EPS (Q3): $0.86 vs. $1.95 last year. -EPS Decline (Y-o-Y): -55.9% -Analysts Estimate: $0.88 -Revenue (Q3): $1.00 Bln vs. $1.37 Bln last year. -Revenue Change (Y-o-Y): -27.0%