Bloomberg News

Shares of hotel and casino operator Wynn Resorts Ltd. (WYNN - Get Report) recovered on Thursday after the company reported fourth-quarter earnings that missed analysts' forecasts.

Net income for the quarter was $476.6 million, or $4.41 a share, down from $491.7 million, or $4.77 a share, a year ago. Adjusted per-share earnings were $1.06, missing the $1.33-a-share estimate expected by analysts surveyed by FactSet.

Revenue totaled $1.69 billion, down from $1.62 billion last year though above the $1.61 billion FactSet estimate.

Shares of Wynn Resorts rose 2.1% to $123.01 by the close of trading on Thursday. The shares have lost nearly 30% in the past 12 months.

Separately, the company said it has approved a cash dividend of 75 cents a share, payable on Feb. 26, to stockholders of record as of Feb. 15. In the fourth quarter, the company repurchased 1.48 million shares of common stock for about $156.7 million.

A new bridge connecting Macau and Hong Kong with other parts of Southern China that opened last October has helped boost visitation to Macau, and by extension visits to Wynn's casino and hotel there, which in turn has helped bolster revenue.

The bridge is part of an economic integration project known as the Greater Bay Area.