Wynn Resorts Ltd. Q1 Profit Decreases, Misses Estimates

(RTTNews) - Wynn Resorts Ltd. (WYNN) released a profit for first quarter that decreased from last year and missed the Street estimates.

The company's earnings totaled $72.75 million, or $0.69 per share. This compares with $144.22 million, or $1.30 per share, last year.

Excluding items, Wynn Resorts Ltd. reported adjusted earnings of $133.15 million or $1.07 per share for the period.

Analysts on average had expected the company to earn $1.24 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 8.7% to $1.700 billion from $1.862 billion last year.

Wynn Resorts Ltd. earnings at a glance (GAAP) :

-Earnings: $72.75 Mln. vs. $144.22 Mln. last year. -EPS: $0.69 vs. $1.30 last year. -Revenue: $1.700 Bln vs. $1.862 Bln last year.