Wynn Resorts Q2 Results Miss Estimates - Quick Facts

(RTTNews) - Wynn Resorts Ltd. (WYNN) posted lower GAAP net income attributable to the company of $129.8 million, or $1.28 a share for the second quarter of 2013, versus last year's $138.1 million, or $1.37 a share. The firm said the recent quarter's earnings included a $26.6 million loss on the early retirement of debt.

On an adjusted basis, net income attributable to Wynn Resorts in the quarter stood at $152.9 million, or $1.51 a share. On average, 24 analysts polled by Thomson Reuters expected earnings per share of $1.57 for the quarter. Analysts' estimates typically exclude one-time items.

The company clocked net revenues of $1.33 billion for the period, up compared with $1.25 billion in the 2012 second quarter, helped by 16.2% higher revenues from its Las Vegas operations and a 2.6% revenue growth from its Macau operations. Analysts estimated revenues of $1.34 billion for the quarter.

Further, Wynn Resorts has approved a quarterly cash dividend of $1.00 a share, payable on August 26, 2013, to stockholders of record on August 12.