Market Overview

Las Vegas Sands Shares Dip After-Market Amid Q2 Earnings Miss

Related LVS
Bears Continue To Be On A Heater With Las Vegas Sands
Bear of the Day: Melco Crown (MPEL) - Bear of the Day
As Threats Grow, Firms to Cyber Insurance (Fox Business)

At the market close on Wednesday the Las Vegas Sands (NYSE: 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

  • Net revenue up 11.8 percent to $3.62 billion
  • 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

Macao

    Mass gaming drove a 21.9 percent increase in adjusted property EBITDA to $801.3 million
  • Parisian Macao targeted to open late 2015

Singapore

  • Adjusted property EBITDA of $417.8 million

Sheldon G. Adelson, chairman and chief executive officer, said, "The prudent management of our cash flow, including the ability to increase the return of capital to shareholders while maintaining a strong balance sheet and ample liquidity to invest in future growth opportunities, remains a cornerstone of our strategy."

Posted-In: Earnings News Dividends Buybacks After-Hours Center Press Releases

 

Most Popular

Related Articles (LVS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters