Las Vegas Sands Beats Revenue Predictions

Las Vegas Sands LVS announced its results for the most recent quarter on July 26, 2011. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.

Earnings and Revenue:
Las Vegas Sands managed to exceed Wall Street estimates with stronger-than-expected EPS and revenues. The company reported EPS of adjusted net income of 54 cents/share versus the 44 cents/share estimate and revenues of $2.35 billion versus the $2.21 billion estimate. Revenue climbed 47.1% from the same period last year.
Las Vegas Sands has averaged revenue growth of 56% over the past five quarters.

Income: 

For the year, Las Vegas Sands reported net income of $1.58 per share. The company trumped analyst projections of $1.42 by 11.3%. According to the reported number, the company's income rose 882.2% from last year's levels.

Industry:
The gaming company's industry is currently experiencing price/earnings growth of 2.9%. With its recently reported EPS, the company is trailing the industry's estimate average by 33.8%.

What to Do Next:
Now that you've gotten a round up of Las Vegas Sands' latest numbers, you can make a better-informed decision about whether to buy, sell or hold those shares. Whatever you do, be sure to visit us before the company's next earnings release for a full preview.

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