Wynn Resorts shares declined more than 12 percent during after-hours trading as the company missed estimates in its quarterly earnings.
The hotel and casino company reported earnings of $1.68 a share, while analysts expected $1.69 a share. However, it did beat on revenue, coming in at $1.71 billion versus an estimate of $1.66 billion.
The good performance was driven by strong results in Macau. Revenues at Wynn Macau and Wynn Palace were above analyst estimates.
This article was originally published by Cnbc.com. Read the original article here.