Wynn Resorts' Q3 Performance Misses Expectations Amid Strategic Investments
Wynn Resorts' Q3 Performance Misses Expectations Amid Strategic Investments
Wynn Resorts, Limited (NASDAQ:WYNN) shares are trading lower on Tuesday after the company reported worse-than-expected third-quarter EPS and revenues.
永利度假村（纳斯达克：WYNN）股票周二交易下跌，因该公司报告的第三季度每股收益和营收不及预期。
On Monday, the company reported operating revenues of $1.69 billion, missing the consensus of $1.73 billion.
周一，该公司报告运营收入为$16.9亿，低于预期的$17.3亿。
Adjusted Property EBITDAR declined slightly to $527.7 million from $530.4 million a year ago quarter. Adjusted EPS of $0.90 missed the street view of $1.01.
调整后的物业EBITDAR从去年同期的$53040万下降到$52770万。每股调整后盈利为$0.90，低于预期的$1.01。
Wynn Palace: Operating revenues fell to $519.8 million from $524.8 million a year ago, and adjusted Property EBITDAR declined to $162.3 million from $177.0 million last year.
永利宫：营收从去年的$52480万下降到$51980万，调整后的物业EBITDAR从去年的$17700万下降到$16230万。
The mass market table games win percentage increased to 23.9% from 23.3%, while the VIP table games win percentage fell to 3.04%, below the expected range and down from 3.42% in the third quarter of 2023.
大众市场桌面游戏赢利百分比从23.3%上升至23.9%，而贵宾桌面游戏赢利百分比从3.42%下降至3.04%，低于预期区间，低于2023年第三季度的3.42%。
Wynn Macau: Operating revenues rose to $352.0 million from $295.0 million a year ago and, adjusted Property EBITDAR increased to $100.6 million from $77.9 million year-over-year.
永利澳门：营收从去年的$29500万增至$35200万，调整后的物业EBITDAR从去年的$7790万增至$10060万。
The mass market table games win percentage rose to 18.5%, compared to 16.5% last year, while VIP table games win percentage was 3.61%, exceeding the expected range and higher than 3.52% in the prior year quarter.
大众市场桌面游戏赢利百分比从去年的16.5%上升至18.5%，而贵宾桌面游戏赢利百分比为3.61%，超出预期范围，高于前一年同期的3.52%。
Las Vegas Operations: Operating revenues totaled $607.2 million vs. $619.0 million a year ago and, adjusted Property EBITDAR was $202.7 million, compared to $219.7 million a year earlier.
拉斯维加斯业务：营收总额为$60720万，低于去年的$61900万，调整后的物业EBITDAR为$20270万，低于一年前的$21970万。
The table games win percentage was 23.3%, within the expected range of 22% to 26%, but below the 26.0% recorded in the third quarter of 2023.
桌面游戏赢率为23.3%，处于预期的22%至26%的区间内，但低于2023年第三季度记录的26.0%。
Craig Billings, CEO of Wynn Resorts, Limited said, "Importantly, we are also continuing to invest in growing the business with construction on Wynn Al Marjan Island rapidly advancing. We are confident the resort will be a 'must see' tourism destination in the UAE and expect that it will support strong long-term free cash flow growth."
永利度假村有限公司的首席执行官Craig Billings表示：“重要的是，我们还在继续投资于业务增长，在永利阿尔玛尔简岛的建设迅速推进。我们对度假村将成为阿联酋必去之地的旅游目的地充满信心，并预计它将支持强劲的长期自由现金流增长。”
Buyback: In the third quarter of 2024, Wynn repurchased shares worth $117.7 million.
股票回购：2024年第三季度，永利回购价值11770万美元的股票。
As of September 30, 2024, the company had $247.7 million remaining in its repurchase authority under the equity repurchase program.
截至2024年9月30日，公司在权益回购计划下尚有24770万美元的回购授权余额。
On November 1, 2024, the Board of Directors approved a new share repurchase program, allowing the company to buy back up to $1.00 billion.
2024年11月1日，董事会批准了一项新的股票回购计划，允许公司回购高达10亿美元的股票。
This authorization increases the previous repurchase allowance by approximately $766 million. As of September 30, 2024, cash and cash equivalents stood at $2.41 billion.
这一授权将现金及现金等价物在2024年9月30日达到24.1亿美元的之前回购额度提高了约76600万美元。
Investors can gain exposure to the stock via Capitol Series Trust The Nightview Fund NITE (NYSE:NITE) and VanEck Gaming ETF (NASDAQ:BJK).
投资者可以通过Capitol Series Trust The Nightview Fund NITE (NYSE:NITE)和博彩etf-vaneck (NASDAQ:BJK)获得该股票的曝光。
Price Action: WYNN shares are down 8.99% at $87.09 at the last check Tuesday.
价格走势：永利度假村股票在上周二最后一次关注时报价为87.09美元，下跌了8.99%。
Photo via Shutterstock
图片来自shutterstock
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