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Wynn Resorts Releases Better Than Expected 2Q Results

Wynn Resorts reported better than expected quarterly results Tuesday, with its casinos in both Macau and Las Vegas showing strength.

The Las Vegas-based company said it earned net income of $94.6 million, or 88 cents per share. Earnings, adjusted for non-recurring costs, came to $1.44 per share.

Results in the latest quarter include pre-opening expenses for the company's Encore Boston Harbor resort which officially opened June 23.

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The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.