Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.
Shares of Wynn Resorts Ltd.
took a 7.7% hit in morning trading Friday, after the casino operator beat third-quarter earnings expectations, but Wynn Macau Ltd. of which the company owns 72%, reported disappointing results. Wynn’s stock was headed for the lowest close since Dec. 30, 2022. The stock was also on track for the biggest one-day decline since it tumbled 12.3% on Oct. 10, 2022, according to Dow Jones Market Data, and for the worst weekly performance — down 9.8% — since the week ended Oct. 14, 2022. It was also the second-worst performer in the S&P 500 SPX, +0.34% on Friday. Meanwhile, Wynn Macau’s U.S.-listed stock slumped 9.6%.
Wynn Resorts Wynn Macau Stock Earnings Casino Operator
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cramer encourages investors to buy Wynn Resorts with earnings in focusThe Investing Club holds its Morning Meeting every weekday at 10:20 a.m. ET.
Read more »
Wynn Resorts and Illumina Stocks Drop in Extended TradingAll three indexes slid during Thursday's trading as bond yields spiked during the session.
Read more »
Strike averted: Vegas workers reach tentative deal with Wynn ResortsRooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
Read more »
Las Vegas Hotel Workers Union Reaches Tentative Agreement with Wynn ResortsRooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
Read more »
Las Vegas hotel workers union reaches tentative agreement with CaesarsThe union has scheduled talks with MGM Resorts International on Wednesday and Wynn Resorts on Thursday, so a strike is not off the table.
Read more »
Sphere Stock Drops After Earnings. Here's Why.Without any clear idea about what its heralded new arena can earn, Sphere won't be able to generate a lot of investor excitement.
Read more »