Wynn Resorts Ltd. shares rallied in the extended session Thursday even after the casino operator's earnings missed Wall Street targets. Wynn shares surged 7.3% to $102.50 after hours. The company reported fourth-quarter earnings of $1.12 a share, up from 86 cents a share in the year-ago period, owing to strong results from its Wynn Palace resort. Revenue rose to $1.3 billion from $946.9 million a year ago. On an adjusted basis, Wynn reported earnings of 50 cents a share. Analysts surveyed by FactSet had estimated adjusted earnings of 87 cents a share on revenue of $1.26 billion.
Copyright © 2017 MarketWatch, Inc.
Continue Reading Below