Wynn Resorts (WYNN) Climbs Though Earnings Fall

Wynn Resorts Ltd. (NASDAQ: WYNN) shares gained 8% to $103.69, after it reported its second-quarter earnings dropped to $56.5 million, or 56 cents a share, from $203.9 million, or $2 a share, a year earlier. Excluding items, the casino operator would have earned 74 cents a share while revenue fell 26% to $1.04 billion. Analysts surveyed by Thomson Reuters expected 96 cents a share on $1.07 billion in revenue. Share volume was four million, compared to an all-day average of 2.4 million