Wynn Resorts Q4 Profit Declines - Quick Facts

(RTTNews) - Wynn Resorts Limited (WYNN) reported fourth-quarter net income to company of $109.35 million or $1.07 per share, compared to $213.88 million or $2.10 per share, prior year. Adjusted earnings per share was $1.20, for the quarter.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $1.43 for the quarter. Analysts' estimates typically exclude special items.

Net revenues decreased to $1.14 billion from $1.52 billion last year. Analysts expected revenue of $1.21 billion for the quarter. The decline was the result of a 32.0% net revenue decrease from Macau Operations and a 5.8% decrease in net revenues from Las Vegas Operations, the company noted.

Wynn also announced the company has approved a cash dividend for the quarter of $1.50 per common share. The dividend will be payable on February 23, 2015, to stockholders of record on February 13, 2015.