Red Rock Resorts Reports Strong Q4 Earnings, Exceeds Analyst Expectations
LAS VEGAS, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Red Rock Resorts, Inc. (RRR) announced its financial results for the fourth quarter of 2022, reporting a net income of $46.6 million, or $0.76 per share.
These results surpassed Wall Street expectations, as analysts surveyed by Zacks Investment Research had forecast earnings of $0.42 per share. The company's revenue for the quarter reached $495.7 million, also exceeding the Street consensus estimate of $489.6 million.
For the full year, Red Rock Resorts reported a profit of $154.1 million, or $2.53 per share, on revenue of $1.94 billion.
The company's stock has gained over 1% in pre-market trading following the announcement of these positive results.