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Red Rock Resorts: 3Q Earnings Snapshot

·1 min read

LAS VEGAS (AP) _ Red Rock Resorts, Inc. (RRR) on Tuesday reported third-quarter net income of $43.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Las Vegas-based company said it had profit of 56 cents.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The company posted revenue of $353.2 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $275.6 million.

Red Rock Resorts shares have declined 22% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $18.75, a decrease of 13% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RRR at https://www.zacks.com/ap/RRR