Wynn Resorts, which previewed earnings July 10 to give investors some insight into the company's prospects, said Thursday it had net income of $272 million, or $2.42 a share, in the quarter, compared with $89.6 million, or 82 cents per share, a year ago.

The results were boosted by a $140.7 million deferred tax benefit that was recorded during the quarter. Without the tax benefit, earnings would have been $124.3 million, or $1.11 per share.

Analysts polled by Thomson Financial expected earnings of 93 cents a share.

Company revenue was $825.2 million, up 20 percent from $687.5 million a year ago.

Wynn Las Vegas had its gaming revenues decline to $120.7 million from $159.4 million a year ago. Nongaming revenue grew less than 1 percent in the quarter while hotel revenues declined 3.1 percent. Cash flow at the casino, reported as earnings before interest, taxes, depreciation and amortization, was $81.1 million in the quarter, down from $115.3 million a year ago.

Wynn Macau, however, boomed in the quarter, growing revenues 33 percent and cash flow 67.5 percent.

The casino generated net revenues of $529.9 million, compared with $352.5 million a year ago. Cash flow was $155.2 million, compared with $92.7 million a year ago.

Wynn Resorts has begun building the $700 million Encore at Wynn Macau, which is expected to open in 2010.

The company announced earnings after trading closed on the Nasdaq National Market, where shares of Wynn fell $8.22, or 8.24 percent to close at $91.59. Shares jumped immediately about 5 percent in after-hours trading soon after earnings were announced but fell back below the company's closing price later in the day.

Contact reporter Howard Stutz at hstutz@reviewjournal.com or 702-477-3871.