Las Vegas Sands (LVS) Tops Q4 EPS by 10c

Las Vegas Sands (NYSE: LVS) reported Q4 EPS of $0.92, $0.10 better than the analyst estimate of $0.82. Revenue for the quarter came in at $3.42 billion versus the consensus estimate of $3.54 billion.

Mr. Sheldon G. Adelson, chairman and chief executive officer, said, "I am extremely pleased that the successful execution of our Integrated Resort operating strategy, which generates the industry's most diversified cash flows and delivers the industry's highest revenue and profit from non-gaming segments including hotel, convention and exhibition, retail and entertainment, allowed us to again deliver increases in consolidated adjusted property EBITDA, operating income, net income and earnings per share this quarter.

Mr. Adelson added, "The Macao market saw strong visitation from mainland China during the quarter, and we enjoyed equally strong visitation to our Cotai Strip properties. We welcomed over 17 million visits to our Macao property portfolio, and delivered meaningful growth in the non-gaming segments of our business. Notwithstanding a challenging environment in the VIP and premium mass gaming segments, we delivered $711.2 million in adjusted property EBITDA across our property portfolio. We remain confident that our market-leading Cotai Strip properties, which will be complemented in the future by The Parisian Macao and the St. Regis tower at Sands Cotai Central, will continue to provide the ecomonic benefits of diversification to Macao, meaningfully enhance the appeal of Macao to business and leisure travelers and provide an outstanding and diversified platform for growth in the years ahead."

For earnings history and earnings-related data on Las Vegas Sands (LVS) click here.

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