At the market close on Wednesday the Las Vegas Sands Corp. LVS reported a $0.04 EPS miss for its 2014 second quarter. Shares of the company have fallen close to two percent on the earnings release.
Highlights
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- Adjusted diluted EPS up 30.8 percent to $0.85 vs. $0.89 estimates
- Dividends increased 42.9 percent to $0.50
- Announced third quarter 2014 dividend of $0.50 to be paid September 30, 2014 to shareholders of record on September 22, 2014
- Consolidated adjusted property EBITDA up 18.6 percent to $1.31 billion
- Stock repurchases of $320.0 million
- Mass gaming drove a 21.9 percent increase in adjusted property EBITDA to $801.3 million
- Parisian Macao targeted to open late 2015
- Adjusted property EBITDA of $417.8 million
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