Las Vegas Sands Earnings: Here’s Why Shares are Down Now

Las Vegas Sands Corp. (NYSE:LVS) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.09%.

Las Vegas Sands Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 63.64% to $0.72 in the quarter versus EPS of $0.44 in the year-earlier quarter.

Revenue: Rose 25.6% to $3.24 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 $0.68. It missed the average revenue estimate of $3.3 billion.

Quoting Management: Mr. Sheldon G. Adelson, chairman and chief executive officer, said, “I am extremely pleased to report outstanding quarterly financial results that reflect strong growth in revenue, cash flow and earnings per share, as well as the focused and consistent execution of our global growth strategy. Continued execution of that strategy will extend our position as the global leader in Integrated Resort development and operation.”

Key Stats (on next page)…

Revenue decreased 1.81% from $3.3 billion in the previous quarter. EPS increased 1.41% from $0.71 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 $0.68 to a profit $0.72. For the current year, the average estimate has moved up from a profit of $2.72 to a profit of $2.85 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)