Red Rock Resorts' stock tumbled 5.78% in post-market trading following the release of its first-quarter 2026 financial results, which showed a significant earnings miss compared to analyst expectations.
The company reported quarterly earnings of $0.73 per share, a decline from the $0.75 per share reported in the same period last year. This result fell short of the FactSet consensus estimate of $0.90 per share. While revenue increased to $507.3 million, surpassing estimates of $505.6 million, the company's adjusted EBITDA of $212.6 million also missed the IBES estimate of $217.4 million.
The after-hours selloff reflects investor disappointment with the earnings performance despite the revenue beat, as the company maintained its quarterly dividend of $0.26 per share.