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LAS VEGAS (AP) _ Wynn Resorts Ltd. (WYNN) on Thursday reported a loss of $269.5 million in its fourth quarter.
The Las Vegas-based company said it had a loss of $2.53 per share. Losses, adjusted for non-recurring costs, came to $2.45 per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $2.22 per share.
The casino operator posted revenue of $686 million in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $751.1 million.
For the year, the company reported a loss of $2.07 billion, or $19.37 per share, swinging to a loss in the period. Revenue was reported as $2.1 billion.
Wynn shares have decreased nearly 4% since the beginning of the year, while the Standard & Poor's 500 index has increased nearly 3%. In the final minutes of trading on Thursday, shares hit $108.43, a drop of 18% in the last 12 months.