Economy

London comes to Macau as Las Vegas Sands revamps casino resort

London comes to Macau as Las Vegas Sands revamps casino resort”

Wednesday reported an increase in profit for the third quarter, driven by strong performance of Sands China as gambling business in Macao, China, the world's biggest gambling market continues revival. The casino operator reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.67 by $0.10, Bloomberg Earnings reports. (LVS) said Thursday in a filling to the Hong Kong bourse that its third-quarter net income rose to US$403 million from a net income of US$324 million a year earlier, with net revenue rising 12.2% to US$1.93 billion during the same period. The difference between the expected and actual EPS was $0.14/share, which represents an Earnings surprise of 23.7%. According to these analysts, the Low Revenue Estimate for Las Vegas Sands Corp.is 3.03 Billion and the High Revenue Estimate is 3.21 Billion. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands Corp. with MarketBeat.com's FREE daily email newsletter.

LVS closed Wednesday's trading at $62.91, down $0.24 or 0.38%, on the NYSE. 3,776,877 shares of the stock were exchanged. The company's P/E (price to earnings) ratio is 24.51 and Forward P/E ratio of 21.93. The stock's 50-day moving average is $63.50 and its 200-day moving average is $61.43. For the next 5 years, Las Vegas Sands Corp.is expecting Growth of 2.8% per annum, whereas in the past 5 years the growth was 1.3% per annum. Wells Fargo & Company reissued a "neutral" rating on shares of Las Vegas Sands Corp.in a research note on Tuesday, July 4th. Instinet restated a "neutral" rating on shares of Las Vegas Sands Corp.in a research report on Monday, July 17th. Stifel Nicolaus restated a "buy" rating on shares of Las Vegas Sands Corp.in a research report on Sunday, September 3rd.

Public Employees Retirement System of OH lessened its position in shares of Las Vegas Sands Corp. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Finally, Bank of America Corporation reissued a "buy" rating and issued a $67.00 price target (up from $65.00) on shares of Las Vegas Sands Corp.in a research note on Friday, July 21st. The stock now has a consensus rating of "Hold" and an average target price of $64.97.

COPYRIGHT VIOLATION NOTICE: "Las Vegas Sands Corp". The correct version of this story can be read at https://www.truebluetribune.com/2017/10/25/las-vegas-sands-corp-lvs-issues-quarterly-earnings-results-beats-expectations-by-0-10-eps.html.

Las Vegas Sands Corp.is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities.



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