Wynn Resorts Limited (WYNN) reported that its first-quarter GAAP net income attributable to the company was $203.4 million, or $2.00 per share, up from $140.6 million, or $1.23 per share in the first quarter of 2012.
Adjusted net income attributable to the company in the current quarter of 2013 was $205.6 million, or $2.03 per share compared to an adjusted net income of $151.9 million, or $1.33 per share in the first quarter of 2012.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.55 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues for the first quarter of 2013 were $1.378 billion, compared to $1.313 billion in the same quarter of 2012, helped by a 4.4% hike in revenues from its Macau Operations coupled with a 6.6% increase in revenues from its Las Vegas Operations. Twenty analysts had consensus revenue estimate of $1.37 billion for the quarter.
The company also announced that it has approved a cash dividend for the quarter of $1.00 per common share. This dividend will be payable on May 23, to stockholders of record on May 9, 2013.
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