LAS VEGAS -- Shares of Wynn Resorts Ltd. rose Monday as investors anticipated the casino operator's first-quarter results, expected Tuesday, and one analyst raised his estimates for the Las Vegas company.
<!--Display the nav box on the first page and forAnalyst Carlo Santarelli of Wells Fargo ( WFC - news - people ) Securities told investors he expects Wynn to report gross gambling revenue in Macau up nearly 32 percent compared with the first quarter last year.
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TwitterSantarelli said the company run by billionaire CEO Steve Wynn likely had a strong quarter in Las Vegas, with strong baccarat business February and March.
Analysts expect Wynn to report earnings of 72 cents per share on revenue of $1.15 billion.
Santarelli raised his year-end price target for the company's shares to $150. The stock closed at rose $2.03 to $140.50 on Monday.
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