Shares of Wynn Resorts rise after another great quarter but are still cheap

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Shares of Wynn Resorts rise after another great quarter but are still cheap
MGM Resorts InternationalLas Vegas Sands CorpClub Earnings
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Another quarter of great results from the casino operator, including beats for every property and upbeat guidance.

Shares of Wynn Resorts popped 2% in after-hours trading Tuesday after the casino operator reported stronger-than-expected quarterly results, driven by the Super Bowl in Las Vegas and the recovery in China's Macao region. We're surprised the stock isn't up more. Operating revenue increased 31% year over year, to $1.86 billion, beating expectations of $1.79 billion, according to estimates compiled by LSEG. Adjusted earnings per share came in at $1.

The Wynn Las Vegas resort and casino at dusk in Las Vegas, Nevada, US, on Monday, May 8, 2023. Wynn Resorts Ltd. is scheduled to release earnings figures on May 10.popped 2% in after-hours trading Tuesday after the casino operator reported stronger-than-expected quarterly results, driven by the Super Bowl in Las Vegas and the recovery in China's Macao region.

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