Las Vegas Sands Stock Down Slightly After Mixed Q1 Results: EPS Beat, Revenue Misses

Las Vegas Sands Corp. LVS released its first-quarter results after Wednesday's closing bell. Here's a look at the details from the report. 

The Details: Las Vegas Sands reported quarterly earnings of 59 cents per share, which beat the analyst consensus estimate of 58 cents. Quarterly revenue came in at $2.86 billion, which missed the analyst consensus estimate of $2.91 billion and is down from revenue of $2.96 billion year-over-year.

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“We continued to execute our strategic objectives during the quarter. We remain enthusiastic about our opportunities to deliver industry-leading growth in both Macao and Singapore in the years ahead as we execute our capital investment programs in both markets,” said Robert G. Goldstein, CEO of Las Vegas Sands.

The CEO also highlighted Marina Bay Sands in Singapore as delivering “outstanding financial and operating performance.”

LVS Price Action: According to data from Benzinga Pro, Las Vegas Sands stock was down 0.32% after hours at $34.54 Wednesday.  

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