Wynn Resorts

Wynn Resorts closed at $103.60 today, down 1.3% from the prior close of $104.95, retreating from an intraday high of $106.21, primarily reflecting profit-taking following strong Q1 results. The company reported Q1 revenue of $1.857 billion, up 9.2% year-over-year, with net profit of $120.5 million surging 65.58% year-on-year and earnings per share of $1.04 growing 50.9%, driven by both Macau and Las Vegas operations. However, recent analyst revisions by Citi and UBS lowering Macau gaming revenue (GGR) growth forecasts have weighed on the stock, reflecting market concerns over earnings momentum sustainability. The stock is trading 23.1% below its 52-week high of $134.72 and is down 15.48% year-to-date, slightly below its 60-day moving average of $102.35.