Wynn Resorts Profit Falls 33% on Rising Interest Expense (WYNN)
Tue. October 27, 2009; Posted: 08:57 AM
Oct 27, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 10/27/2009-Wynn Resorts (NASDAQ:WYNN) reported Q3 EPS of 33 cents, topping consensus estimates of 11 cents. Revenues in the quarter rose 1% year-over-year to $773.1 million, and came in ahead of consensus estimates of $723.3 million. The company reported total cash balances, following the Wynn Macau, Limited IPO and the debt transactions, was $3.1 billion and total debt outstanding was $4.1 billion, which includes approximately $2.6 billion of Wynn Las Vegas debt and $1.5 billion of Wynn Macau debt.
Write to Chip Brian at cbrian@tradethetrend.com
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For full details on Wynn Resorts Ltd (WYNN)
click here. Wynn Resorts Ltd (WYNN) has Short Term PowerRatings of 5. Details on Wynn Resorts Ltd (WYNN) Short Term PowerRatings is available at
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