Wynn Shares Skyrocket Despite Ugly Earnings Miss

Wynn Resorts shares jumped 7.6% to $102.80 in late trading Thursday despite the gaming company reporting a wide fourth-quarter earnings miss. The company reported a 37.3% increase in net revenue of $1.3 billion for the quarter with adjusted earnings of 50 cents a share, well short of analysts’ expectations for earnings of 67 cents a share.