Red Rock Resorts Garners Analyst Support Following Post-Earnings Slide

On a strong day for casino stocks, Red Rock Resorts (NASDAQ: RRR) is standing out for the wrong reasons as investors assess a disappointing third-quarter earnings update, but the sell-side is defending the gaming equity. In late trading, shares of the Sunset Station operator are off 5.2% after the company posted a third-quarter loss of 17 cents a share on revenue of $488.7 million. Analysts expected a per-share profit of 44 cents on sales of $478 million.