Wynn Resorts (WYNN) reported Q1 adjusted net income late Tuesday of $1.07 per diluted share, down from $1.59 a year earlier.

Analysts polled by FactSet expected $1.24.

Operating revenue for the quarter ended March 31 was $1.70 billion, down from $1.86 billion a year earlier.

Analysts surveyed by FactSet expected $1.74 billion.

The company's board maintained a quarterly dividend of $0.25 per share, payable on May 30 to shareholders of record as of May 16.

Shares of Wynn Resorts were down nearly 2% in after-hours activity.