Las Vegas Sands Trades Higher on Q3 Earnings Beat

Shares of Las Vegas Sands LVS are trading higher in the after-hours following the release of the company's Q3 earnings results. Currently, shares are higher by 3.30%, trading at $46.90; they ended the regular session higher by 4.44%, at $45.40. Las Vegas Sands reported Q3 EPS of $0.55 on revenues of $2.41 billion; the Street was looking for $0.52 per share on revenues of $2.34 billion. Revenues increased 26.2% year over year. “We are pleased to report record financial results for the third quarter of 2011. We set quarterly records for both net revenue and adjusted property EBITDA during the quarter. Strong revenue growth and margin expansion at Marina Bay Sands in Singapore and our portfolio of properties in Macau and the United States contributed to excellent financial performance overall.” Las Vegas Sands Corp. owns and operates The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino and The Sands Expo and Convention Center in Las Vegas, Nevada, and the Sands Macao, The Venetian Macao Resort Hotel, the Four Seasons Hotel Macao, Cotai Strip and the Plaza Casino in the Macau Special Administrative Region of the People's Republic of China.