Red Rock Resorts: Q4 Earnings Snapshot
By AP News
Published - Feb 07, 2023, 04:48 PM ET
Last Updated - Jun 22, 2023, 10:50 PM EDT
LAS VEGAS (AP) — LAS VEGAS (AP) — Red Rock Resorts, Inc. (RRR) on Tuesday reported fourth-quarter profit of $91.8 million.
On a per-share basis, the Las Vegas-based company said it had profit of $1.49. Earnings, adjusted for asset impairment gains, came to $1 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
The company posted revenue of $425.5 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $422.4 million.
