Las Vegas Sands Shares Fall Ahead Of Q4 Results

Las Vegas Sands Corp. LVS shares fell ahead of its fourth-quarter earnings report expected Wednesday after the bell.

The company changed hands recently at $56.30, down 1 percent. During the past six months the shares are off more than 24 percent.

Sands is expected to post fourth-quarter earnings of $0.81 a share, on revenue of $3.51 billion, down from $0.87 a share on revenue of $3.66 billion a year earlier.

Sands owns several properties on the Las Vegas Strip, as well as major operations in Macau, a market bedeviled by a slowing Chinese economy and that country's on-going corruption crackdown.

Analysts on average expect gross gaming revenue to decline 8 percent in the entire Macau casino market during 2015.

Sands last week named its 81-year-old Chief Executive Sheldon Gary Adelson to head its Macau operations, replacing Edward Tracy, who will retire in March.