Wynn Resorts Ltd. Profit Advances 16% In Q1

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

The company said its bottom line climbed to $126.48 million, or $1.24 per share. This was up from $108.76 million, or $1.07 per share, in last year's first quarter.

Analysts had expected the company to earn $0.97 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 48.0% to $1.48 billion. This was up from $1.00 billion last year.

Wynn Resorts Ltd. earnings at a glance:

-Earnings (Q1): $126.48 Mln. vs. $108.76 Mln. last year. -Earnings Growth (Y-o-Y): 16.3% -EPS (Q1): $1.24 vs. $1.07 last year. -EPS Growth (Y-o-Y): 15.9% -Analysts Estimate: $0.97 -Revenue (Q1): $1.48 Bln vs. $1.00 Bln last year. -Revenue Change (Y-o-Y): 48.0%