Wynn Resorts (WYNN) reported earnings on Tue 24 Apr 2018 (a/h)

** charts after earnings **

 

Wynn Resorts beats by $0.28, misses on revs 

• Reports Q1 (Mar) earnings of $2.30 per share, excluding non-recurring items, $0.28 better thanthe Capital IQ Consensus of $2.02; revenues rose 20.5% year/year to $1.72 bln vs the $1.75 bln Capital IQ Consensus. Co preannounced results through Feb 28 on March 7.
• Adjusted Property EBITDA was $564.3 million for the first quarter of 2018, an increase of 32.0%, or $136.8 million, from $427.5 million for the same period of 2017, as a result of increases of $100.1 million, $28.7 million and $8.0 million from Wynn Palace, Wynn Macau and our Las Vegas Operations, respectively. Wynn Resorts, Limited also announced today that the Company has approved a cash dividend of $0.75 per share, payable on May 29, 2018 to stockholders of record as of May 17, 2018, a 50% increase in our quarterly cash dividend from last quarter reflecting the ongoing strength and stability across our operations.