After Ours Trade Wynn Resorts Reports 2012 Full Year Results

www.stockmarketfunding.com After Hours Trade Wynn Resorts Reports 2012 Full Year Results. In this live after hours trading video we’ll cover the drop down bid on WYNN reports into the immediate reversal up. Wynn Resorts, Limited (WYNN) today reported financial results for the fourth quarter and year ended December 31, 2012. Net revenues for the year ended December 31, 2012 declined 2.2% to 54.3 million, compared to 69.8 million in 2011. The revenue decrease was driven by a 3.2% decline in revenues from our Macau Operations, which was partially offset by a 0.4% increase in revenues from our Las Vegas Operations. Adjusted property EBITDA (1) in 2012 decreased 3.6% to 75.8 million, compared to 35.3 million for the year ended December 31, 2011. The EBITDA decline was driven by 2.4% lower EBITDA from our Macau Operations coupled with a 7.0% decline in EBITDA from our Las Vegas Operations. Net revenues for the fourth quarter of 2012 were 89.1 million, compared to 43.9 million in the fourth quarter of 2011. The revenue decline was driven by 9.7% lower revenues from our Macau Operations, which were partially offset by a 12.1% increase in revenues from our Las Vegas Operations. Adjusted property EBITDA was 8.5 million for the fourth quarter of 2012, down 0.9% compared to 2.2 million in the fourth quarter of 2011. On a US GAAP (Generally Accepted Accounting Principles) basis, net income attributable to Wynn Resorts for the year ended December 31, 2012 was
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