LAS VEGAS (AP) _ Wynn Resorts Ltd. (WYNN) on Thursday reported a fourth-quarter loss of $72.9 million, after reporting a profit in the same period a year earlier.
The Las Vegas-based company said it had a loss of 68 cents per share. Losses, adjusted for non-recurring costs, came to 62 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The casino operator posted revenue of $1.65 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $1.7 billion.
For the year, the company reported profit of $123 million, or $1.15 per share. Revenue was reported as $6.61 billion.
Wynn shares have decreased slightly more than 3% since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 4%. In the final minutes of trading on Thursday, shares hit $134.19, an increase of 2% in the last 12 months.