Las Vegas Sands: 2Q Earnings Snapshot
LAS VEGAS (AP) _ Las Vegas Sands Corp. (LVS) on Wednesday reported second-quarter earnings of $954 million.
On a per-share basis, the Las Vegas-based company said it had profit of $1.24. Earnings, adjusted for non-recurring gains, came to 72 cents per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The casino operator posted revenue of $3.33 billion in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $3.42 billion.
Las Vegas Sands shares have increased 25% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $64.94, a decrease of 13% in the last 12 months.