Las Vegas Sands Earnings: Here’s Why Investors Like These Results
Las Vegas Sands Corp. (NYSE:LVS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.6%.
Las Vegas Sands Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 2.86% to $0.72 in the quarter versus EPS of $0.70 in the year-earlier quarter.
Revenue: Rose 19.54% to $3.3 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Las Vegas Sands Corp. reported adjusted EPS income of $0.72 per share. By that measure, the company beat the mean analyst estimate of $0.67. It beat the average revenue estimate of $3.27 billion.
Quoting Management: Mr. Sheldon G. Adelson, chairman and chief executive officer, said, “I am extremely pleased to report all-time record quarterly financial results that reflect strong revenue and cash flow growth and the steady execution of our global growth strategy.”
Key Stats (on next page)…
Revenue increased 7.34% from $3.08 billion in the previous quarter. EPS increased 33.33% from $0.54 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.62 to a profit $0.63. For the current year, the average estimate has moved up from a profit of $2.68 to a profit of $2.72 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)