Wynn Resorts Ltd (WYNN) Tops Q3 EPS by 14c; Macao VIP Turnover Down 12.1%; Approves $8 Dividend

Wynn Resorts Ltd (NASDAQ: WYNN) reported Q3 EPS of $1.48, $0.14 better than the analyst estimate of $1.34. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.31 billion.

Macao revs fell 4.3 percent. VIP turnover down 12.1 percent.

Wynn Resorts also announced today that the Company has approved an $8.00 cash dividend, which includes the $0.50 per common share quarterly dividend. This dividend will be payable on November 20, 2012, to stockholders of record on November 7, 2012 and the stock will begin to trade ex-dividend on November 5, 2012.

Additionally, the Company plans on increasing its quarterly dividend to $1.00 per share in 2013.

For earnings history and earnings-related data on Wynn Resorts Ltd (WYNN) click here.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• RenovoRx regains Nasdaq minimum bid price compliance
• Intchains Group Ltd (ICG) PT Lowered to $2 at Benchmark Following 1H Results