the republic logo

Las Vegas Sands tops 4Q profit expectations, misses revenue forecasts

bug
Share/Save/Bookmark

LAS VEGAS — LAS VEGAS — Las Vegas Sands Corp. (LVS) on Wednesday reported fourth-quarter net income of $721.3 million.

On a per-share basis, the Las Vegas-based company said it had profit of 90 cents. Earnings, adjusted for non-recurring costs, came to 92 cents per share.

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

The casino operator posted revenue of $3.42 billion in the period, which fell short of Street forecasts. Analysts expected $3.55 billion, according to Zacks.

For the year, the company reported profit of $2.84 billion, or $3.52 per share. Revenue was reported as $14.58 billion.

Las Vegas Sands shares have dropped slightly more than 3 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $56.16, a decline of 25 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LVS at http://www.zacks.com/ap/LVS

_____

Keywords: Las Vegas Sands, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.