Wynn Resorts Ltd (WYNN) Tops Q2 EPS by 16c

Wynn Resorts Ltd (NASDAQ: WYNN) reported Q2 EPS of $2.11, $0.16 better than the analyst estimate of $1.95. Revenue for the quarter came in at $1.41 billion versus the consensus estimate of $1.43 billion.

Adjusted property EBITDA was $467.4 million for the second quarter of 2014, a 9.8% increase from $425.7 million in the second quarter of 2013.

Macau Operations: In the second quarter of 2014, net revenues were $960.6 million, a 3.2% increase from the $930.9 million generated in the second quarter of 2013. Adjusted property EBITDA in the second quarter of 2014 rose to $307.0 million, up 5.8% from $290.1 million in the second quarter of 2013.

Las Vegas Operations: For the quarter ended June 30, 2014, net revenues were $451.4 million, a 12.5% increase from $401.4 million in the second quarter of 2013. Adjusted property EBITDA reached a quarterly record of $160.4 million, up 18.3% from $135.7 million generated in the comparable period in 2013, the result of both a 5.9 percentage point increase in table games win percentage and a 7.3% increase in room revenues.

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

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