Wynn Resorts Ltd. (WYNN) on Thursday reported second-quarter net income of $70.4 million.
On a per-share basis, the Las Vegas-based company said it had net income of 69 cents. Earnings, adjusted for non-recurring costs, came to $1.07 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
The casino operator posted revenue of $1.06 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.01 billion.
Wynn shares have climbed 51 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 6 percent. In the final minutes of trading on Thursday, shares hit $104.66, a climb of almost 7 percent in the last 12 months.