Market Overview

Recap: Las Vegas Sands Q3 Earnings

Share:

Shares of Las Vegas Sands (NYSE:LVS) increased 3.4% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 189.33% year over year to ($0.67), which missed the estimate of ($0.59).

Revenue of $586,000,000 declined by 81.97% year over year, which missed the estimate of $784,850,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Las Vegas Sands hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Oct 21, 2020

Time: 04:30 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.sands.com%2F&eventid=2628089&sessionid=1&key=3303561E9E50F3405F3A139D500E0F86&regTag=&sourcepage=register

Recent Stock Performance

52-week high: $74.29

52-week low: $33.30

Price action over last quarter: Up 2.61%

Company Overview

Las Vegas Sands is the world's largest operator of fully integrated resorts, featuring casino, hotel, entertainment, food and beverage, retail, and convention center operations. The company owns the Venetian Macao, Sands Macao, Sands Cotai Central Londoner, Four Seasons Hotel Macao, and Parisian in Macao, the Marina Bay Sands resort in Singapore, and the Venetian and Palazzo Las Vegas in the U.S. We expect Sands to open a fourth tower in Singapore in mid-2023. The company generates about 90% of its EBITDA from Asia, and its casino operations generate around 70% of sales.

 

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Posted-In: Earnings