Wynn Resorts Ltd. Reports 54% Advance In Q1 Profit

(RTTNews) - Wynn Resorts Ltd. (WYNN) reported earnings for its first quarter that advanced compared to the same period last year.

The company said its bottom line came in at $108.76 million, or $1.07 per share. This was higher than $70.47 million, or $0.70 per share, in last year's first quarter.

Analysts had expected the company to earn $0.83 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.3% to $1.00 billion. This was down from $1.09 billion last year.

Wynn Resorts Ltd. earnings at a glance:

-Earnings (Q1): $108.76 Mln. vs. $70.47 Mln. last year. -Earnings Growth (Y-o-Y): 54.3% -EPS (Q1): $1.07 vs. $0.70 last year. -EPS Growth (Y-o-Y): 52.9% -Analysts Estimate: $0.83 -Revenue (Q1): $1.00 Bln vs. $1.09 Bln last year. -Revenue Change (Y-o-Y): -8.3%