Wynn Resorts, Limited WYNN Shares are trading down 4.11% to $107.88 during Wednesday’s after-hours session. The company reported mixed fourth quarter financial results.

What happened?

Wynn Resorts reported quarterly losses of $1.23 per share, missing analysts’ consensus estimate of a loss of 91 cents. Wynn Resorts also reported quarterly revenue of $1.00 billion, beating analysts’ consensus estimate of $958.00 million by 5%. However, that revenue number is down 4.6% from revenue of $1.05 billion for the same period last year.

The Company also highlighted that net loss attributable to Wynn Resorts was $423.9 million, or $3.73 per diluted share, for the year ended December 31, 2022, compared to a net loss attributable to Wynn Resorts of $755, $8 million, or $6.64 per diluted share for the year ended December 31, 2021.

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“Our teams at Wynn Las Vegas and Encore Boston Harbor achieved a new fourth-quarter adjusted real estate EBITDA record for our combined North American properties. For full year 2022, these properties generated adjusted real estate EBITDA of $1.04 billion, a record for us by a wide margin,” Craig BillingsWynn Resorts CEO said in part of a statement.

These impressive results are a testament to our team’s relentless focus on delivering five-star hospitality that continues to elevate our hotels above our competitors as the preferred destinations for luxury guests in Las Vegas and Massachusetts,” said Billings.

According to data from Gasoline ProWYNN has a 52-week high of $105.47 and a 52-week low of $50.20.