4 Entertaining Stocks Stumbling Post Earnings

Wynn Resorts Limited (NASDAQ:WYNN) reported its results for the first quarter. Net income for the gaming fell to $140.6 million ($1.23 per share) vs. $173.8 million ($1.39 per share) a year earlier. This is a decline of 19.1% from the year-earlier quarter. Revenue rose 4.2% to $1.31 billion from the year-earlier quarter. Wynn Resorts Limited reported adjusted net income of $1.33 per share. By that measure, the company fell short of mean estimate of $1.40 per share. Analysts were expecting revenue of $1.33 billion.

Electronic Arts Inc. (NASDAQ:EA) reported net income above Wall Street’s expectations for the fourth quarter. Net income for Electronic Arts Inc. rose to $400 million ($1.20 per share) vs. $151 million (45 cents per share) in the same quarter a year earlier. This is a more than twofold rise from the year-earlier quarter. Revenue rose 25.5% to $1.37 billion from the year-earlier quarter. Electronic Arts Inc. reported adjusted net income of 17 cents per share. By that measure, the company beat the mean estimate of 6 cents per share. It beat the average revenue estimate of $958.5 million.

Cumulus Media Inc. (NASDAQ:CMLS) reported a drop to a loss in the first quarter driven by higher costs. Reported a loss of $1.2 million (12 cents per diluted share) in the quarter. Cumulus Media Inc. had a net income of $16.1 million or 37 cents per share in the year-earlier quarter. Revenue fell 57.6% to $24.5 million from the year-earlier quarter. Cumulus Media Inc. fell short of the mean analyst estimate of a loss of 3 cents per share. It fell short of the average revenue estimate of $252.7 million.

DISH Network Corporation (NASDAQ:DISH) reported its results for the first quarter. Net income for DISH Network Corporation fell to $360.3 million (80 cents per share) vs. $549.4 million ($1.22 per share) a year earlier. This is a decline of 34.4% from the year-earlier quarter. Revenue rose 11.1% to $3.58 billion from the year-earlier quarter. DISH Network Corporation beat the mean analyst estimate of 70 cents per share. Analysts were expecting revenue of $3.61 billion.