Las Vegas Sands Corp. Q2 adjusted earnings Miss Estimates
Las Vegas Sands Corp. (LVS) announced earnings for its second quarter that climbed from the same period last year.
The company’s earnings came in at $556 million, or $0.70 per share. This compares with $546 million, or $0.69 per share, in last year’s second quarter.
Excluding items, Las Vegas Sands Corp. reported adjusted earnings of $588 million or $0.74 per share for the period.
Analysts had expected the company to earn $0.79 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 6.1% to $3.30 billion from $3.11 billion last year.
Las Vegas Sands Corp. earnings at a glance:
-Earnings (Q2): $588 Mln. vs. $577 Mln. last year.
-EPS (Q2): $0.74 vs. $0.73 last year.
-Analysts Estimate: $0.79
-Revenue (Q2): $3.30 Bln vs. $3.11 Bln last year.
by RTTNews Staff Writer
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