Wynn Trading All Over (WYNN)

Posted in pre-market 
October 27th, 2009

Wynn Resorts Ltd. (NASDAQ: WYNN) is already up about 300% from its lows, but this is a battleground stock that could go either way now that earnings are out.   It posted $0.28 EPS and $0.33 non-GAAP EPS on $773.1 million in revenues.  Thomson Reuters was at $0.15 EPS and $743.05 million in revenues. The company ended the quarter with $1.3 billion in cash and equivalents and has total debt outstanding of $4.2 billion.  UPDATE AT 9:09 AM EST: shares are down 3.2% at $61.02 on right at 250,000 shares.

Shares initially were up 2% but at 8:43 AM EST we have shares lower by 2.8% at $61.28 on about 84,000 shares.  Average volume is almost 5 million shares and this one may trade all over the place today.

JON OGG

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