NasdaqGS:WYNNHospitality
Wynn Resorts (WYNN) Stock Jumps As Profit Recovery Gains Credibility
Wynn Resorts stock jumped 3.6% to about US$101 in regular trading after its Q2 report, a sharp move for a company whose 90 day return has been under pressure. The market is reacting to one thing above all else: profitability is firming even as revenue holds near US$1.9b and net income from ongoing operations reaches roughly US$140m.
That short term pop sits against a longer horizon where earnings have been growing over multiple years but face clear balance sheet risks. The headline today is...