Wynn Resorts shares declined more than 12 percent during after-hours trading as the company missed estimates in its quarterly earnings.
The hotel and casino company reported earnings of $1.68 a share, while analysts expected $1.69 a share. However, it did beat on revenue, coming in at $1.71 billion versus an estimate of $1.66 billion.
The good performance was driven by strong results in Macau. Revenues at Wynn Macau and Wynn Palace were above analyst estimates.
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