Las Vegas Sands Stock Gains Following Q3 Earnings Beat - Here's A Look

Las Vegas Sands Corp. LVS shares are trading higher in Wednesday’s after-hours session after the company reported better-than-expected third-quarter financial results.

What To Know: The company reported quarterly earnings of 55 cents per share, which beat the analyst consensus estimate of 53 cents, an increase from losses of 27 cents per share from the same period last year. 

The company reported quarterly sales of $2.79 billion, which beat the analyst consensus estimate of $2.69 billion, a 178.11% increase over sales of $1.00 billion in the same period last year.

Las Vegas Sands also announced a $2 billion stock repurchase authorization through Nov. 3, 2025.

“We were pleased to see the recovery in travel and tourism spending in both Macao and Singapore progress during the quarter. We remain deeply enthusiastic about our opportunities for growth in both markets in the years ahead,” said Robert G. Goldstein, chairman and CEO.

Related Link: What Happened With DraftKings Stock Today?

LVS Price Action: Shares of LVS were up 4.08% at $46.42 in the after-hours session at the time of publication, according to Benzinga Pro.

Image by Adam from Pixabay

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