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23.10.2024 22:10:58
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Las Vegas Sands Corp. Q3 Profit Decreases, Misses Estimates
(RTTNews) - Las Vegas Sands Corp. (LVS) announced earnings for third quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line came in at $275 million, or $0.38 per share. This compares with $380 million, or $0.50 per share, in last year's third quarter.
Excluding items, Las Vegas Sands Corp. reported adjusted earnings of $323 million or $0.44 per share for the period.
Analysts on average had expected the company to earn $0.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 4.0% to $2.682 billion from $2.795 billion last year.
Las Vegas Sands Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $275 Mln. vs. $380 Mln. last year. -EPS (Q3): $0.38 vs. $0.50 last year. -Revenue (Q3): $2.682 Bln vs. $2.795 Bln last year.
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| Las Vegas Sands Corp. | 33.76 | -16.83% |
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