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（納斯達克：WYNN）股票週二交易下跌，因該公司報告的第三季度每股收益和營收不及預期。
On Monday, the company reported operating revenues of $1.69 billion, missing the consensus of $1.73 billion.
週一，該公司報告運營收入爲$16.9億，低於預期的$17.3億。
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.
調整後的物業EBITDAR從去年同期的$53040萬下降到$52770萬。每股調整後盈利爲$0.90，低於預期的$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.
永利宮：營收從去年的$52480萬下降到$51980萬，調整後的物業EBITDAR從去年的$17700萬下降到$16230萬。
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.
大衆市場桌面遊戲贏利百分比從23.3%上升至23.9%，而貴賓桌面遊戲贏利百分比從3.42%下降至3.04%，低於預期區間，低於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.
永利澳門：營收從去年的$29500萬增至$35200萬，調整後的物業EBITDAR從去年的$7790萬增至$10060萬。
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.
大衆市場桌面遊戲贏利百分比從去年的16.5%上升至18.5%，而貴賓桌面遊戲贏利百分比爲3.61%，超出預期範圍，高於前一年同期的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.
拉斯維加斯業務：營收總額爲$60720萬，低於去年的$61900萬，調整後的物業EBITDAR爲$20270萬，低於一年前的$21970萬。
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.
桌面遊戲贏率爲23.3%，處於預期的22%至26%的區間內，但低於2023年第三季度記錄的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執行官Craig Billings表示：「重要的是，我們還在繼續投資於業務增長，在永利阿爾瑪爾簡島的建設迅速推進。我們對度假村將成爲阿聯酋必去之地的旅遊目的地充滿信心，並預計它將支持強勁的長期自由現金流增長。」
Buyback: In the third quarter of 2024, Wynn repurchased shares worth $117.7 million.
股票回購：2024年第三季度，永利回購價值11770萬美元的股票。
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，公司在權益回購計劃下尚有24770萬美元的回購授權餘額。
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，董事會批准了一項新的股票回購計劃，允許公司回購高達10億美元的股票。
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.
這一授權將現金及現金等價物在2024年9月30日達到24.1億美元的之前回購額度提高了約76600萬美元。
Investors can gain exposure to the stock via Capitol Series Trust The Nightview Fund NITE (NYSE:NITE) and VanEck Gaming ETF (NASDAQ:BJK).
投資者可以通過Capitol Series Trust The Nightview Fund NITE (NYSE:NITE)和博彩etf-vaneck (NASDAQ:BJK)獲得該股票的曝光。
Price Action: WYNN shares are down 8.99% at $87.09 at the last check Tuesday.
價格走勢：永利度假村股票在上週二最後一次關注時報價爲87.09美元，下跌了8.99%。
Photo via Shutterstock
圖片來自shutterstock
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