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WYNN up 3.8 to 168.7 AH
Wynn Resorts(WYNN) was enjoying a bump after its quarterly report.

The stock jumped 2.3% to $168.65 on volume of around 500,000, according to Nasdaq.com, after the Las Vegas-based casino operator posted an adjusted profit of $200.8 million, or $1.60 a share, on revenue of $1.37 billion, well above Wall Street's consensus estimate for earnings of $1.04 a share on revenue of $1.29 billion.

Wynn said revenue from its Macau operations jumped almost 37% year-over-year, while its Las Vegas-based business saw a revenue boost of 23%.

Wall Street was taking a wait-and-see approach with Wynn ahead of the report, mainly on valuation concerns. Seventeen of the 27 analysts covering the stock have hold ratings, and the 12-month price target is sitting at $150, a discount of more than 10% from the stock's current level.

http://www.thestreet.com/story/11188968/1/ibm-wynn-resorts-after-hours-trading.html

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