Wynn Resorts Q1 Adj. Profit Beats Estimate - Quick Facts

(RTTNews) - Wynn Resorts, Limited (WYNN) reported first-quarter net income attributable to the company of $226.9 million or $2.22 per share, compared to $203.0 million or $2.00 per share, last year.

Adjusted income for the quarter was $236.7 million or $2.32 per share, up from $205.6 million or $2.03 per share in the comparable quarter last year. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $2.07 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $1.51 billion, from $1.38 billion, last year, while 17 analysts expected revenue of $1.49 billion for the quarter.

Wynn Resorts also announced that the company has approved a cash dividend for the quarter of $1.25 per common share, payable on May 29, 2014, to stockholders of record on May 15, 2014.