Las Vegas Sands Corp. Earnings: Revenue Strengthens for Fifth Straight Quarter by Double-Digits

Las Vegas Sands Corp. (NYSE:LVS) reported higher profit for the fourth quarter as revenue showed growth. Las Vegas Sands develops integrated resorts worldwide. It owns and operates The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino, and an expo and convention center.

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Las Vegas Sands Corp Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for Las Vegas Sands Corp. rose to $320.1 million (39 cents per share) vs. $273 million (34 cents per share) in the same quarter a year earlier. This marks a rise of 17% from the year earlier quarter.

Revenue: Rose 26.3% to $2.54 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: Las Vegas Sands Corp. reported adjusted net income of 57 cents per share. By that measure, the company beat the mean estimate of 56 cents per share. It beat the average revenue estimate of $2.46 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 42.9%, with the biggest boost coming in the first quarter when revenue rose 58.2% from the year earlier quarter.

The company has now topped analyst estimates for the last three quarters. It beat the mark by 2 cents in the third quarter and by 10 cents in the second quarter.

Looking Forward: Analysts appear increasingly optimistic about the company’s results for the next quarter. The average estimate for the first quarter of the next fiscal year has moved up from 54 cents a share to 55 cents over the last thirty days. The average estimate for the fiscal year is $1.99 per share, a rise from $1.96 ninety days ago.

Stock Performance: Shares of LVS were up 2.2% from the previous close.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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