Las Vegas Sands Tops Q1 Wall Street EPS Estimates

Casino and gaming operator

released its fiscal first-quarter earnings results after the closing bell on Wednesday. The company topped Wall Street earnings and revenue expectations and the stock was trading up around 1 percent in the after-hours to $56.80. Las Vegas Sands reported net income attributable to common stockholders of $572.0 million or $0.69 per share, compared to $498.9 million or $0.61 per share, in the year ago period. Adjusted net income for the quarter was $583.9 million or $0.71 per share, versus $569.8 million or $0.70 per share, last year. This came in ahead of analysts' consensus EPS estimates of $0.67. Revenue in the quarter was up 19.5 percent to $3.30 billion from $2.76 billion in last year's first-quarter. This also beat analysts' consensus sales estimates of $3.27 billion.