Las Vegas Sands Stock Slides As Q3 Result Lags Consensus - Las Vegas Sands (NYSE:LVS)

Las Vegas Sands Corp LVS reported third-quarter FY21 sales growth of 92% year-on-year, to $857 million, missing the analyst consensus of $1.29 billion.
Revenues from Casino increased 89.6% Y/Y, Rooms rose 185.7%, Food & beverage grew 35.5%, and Mall improved 98.7%.
Revenue from Macao operations rose 260.2% Y/Y, and Marina Bay Sands declined 11.4%.
Operating loss was $(316) million versus $(523) million last year.
Consolidated adjusted property EBITDA was $47 million, versus $(163) million last year. Adjusted property EBITDA was 5.5% of the revenues.
Adjusted EPS of $(0.45) missed the analyst consensus of $(0.21).
"While heightened pandemic-related restrictions impacted our financial results this quarter, we were able to generate positive EBITDA in each of our markets," said CEO Robert G. Goldstein.
It held unrestricted cash balances of $1.64 billion as of September 30, 2021.
Price Action: LVS shares are trading lower by 2.33% at $38.6 in premarket on the last check Thursday.