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Wynn Resorts shares fall 12 percent as it misses earnings estimates

Wynn Resources shares declined more than 12 percent during after-hours merchandise as the company missed estimates in its quarterly earnings.

The hotel and casino companionship reported earnings of $1.68 a share, while analysts expected $1.69 a part. However, it did beat on revenue, coming in at $1.71 billion versus an sense of $1.66 billion.

The good performance was driven by strong results in Macau. Net incomes at Wynn Macau and Wynn Palace were above analyst gauges.

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