Wynn Resorts Q4 Adj. Profit Beats Estimate - Quick Facts

(RTTNews) - Wynn Resorts, Limited (WYNN) reported fourth-quarter net income to company of $213.9 million or $2.10 per share, compared to $111.4 million or $1.10 per share, last year.

Adjusted income for the quarter was $231.2 million or $2.27 per share, up from $118.2 million or $1.17 per share in the comparable quarter last year. On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $1.74 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $1.52 billion, from $1.29 billion, last year. The company said the increase was driven by a 24.6% revenue increase from its Macau operations and 2.4% higher revenues from Las Vegas operations. Analysts expected revenue of $1.44 billion for the quarter.

Wynn Resorts also announced the company has approved a cash dividend for the quarter of $1.25 per common share, payable on February 27, 2014, to stockholders of record on February 13, 2014.