Macao Pushes Sands (LVS) to Q1 Beat, But VIP Metrics Shaky
Tweet
Share
E-mail
Get Alerts LVS Hot Sheet
Price: $45.84 -0.37%
Revenue Growth %: +39.6%
Financial Fact:
Income tax expense: -69.27M
Today's EPS Names:
NLY, CP, RUSHA, More
Revenue Growth %: +39.6%
Financial Fact:
Income tax expense: -69.27M
Today's EPS Names:
NLY, CP, RUSHA, More
Join SI Premium – FREE
Las Vegas Sands (NYSE: LVS) shares are slightly lower in late-Wednesday trading following the company's first-quarter earnings release.
Revenue for Las Vegas-based casino and resort giant were $2.76 billion,up 30.8 percent from $2.11 billion in the same period last year. The Street was expecting revs of $2.57 billion.
Las Vegas revs rose 26.1 percent to $384.6 million. Sands Bethlehem revs rose 27 percent to $115.6 million.
Sands China revs rose 25 percent to $1.45 billion. The Four Season Macao had the best jump in revs, up 74.1 percent to $299.6 million.
Net income popped 119 percent to $498.94 million, or 61 cents per share. Following adjustments, EPS rose to 70 cents, versus expectations calling for 59 cents.
Adjusted property EBITDA in Macao was $456.4 million. Marina Bay Sands had adjusted property EBITDA of $472.5 million. In Las Vegas, The Venetian and Palazzo generated $115.8 million in adjusted property EBITDA.
Rolling chip volume rose 11. percent at Venetian Macao, fell 22.2 percent at Sands China, and rose 222 percent at Four Seasons.
Shares are 1.3 percent lower Wednesday.
Revenue for Las Vegas-based casino and resort giant were $2.76 billion,up 30.8 percent from $2.11 billion in the same period last year. The Street was expecting revs of $2.57 billion.
Las Vegas revs rose 26.1 percent to $384.6 million. Sands Bethlehem revs rose 27 percent to $115.6 million.
Sands China revs rose 25 percent to $1.45 billion. The Four Season Macao had the best jump in revs, up 74.1 percent to $299.6 million.
Net income popped 119 percent to $498.94 million, or 61 cents per share. Following adjustments, EPS rose to 70 cents, versus expectations calling for 59 cents.
Adjusted property EBITDA in Macao was $456.4 million. Marina Bay Sands had adjusted property EBITDA of $472.5 million. In Las Vegas, The Venetian and Palazzo generated $115.8 million in adjusted property EBITDA.
Rolling chip volume rose 11. percent at Venetian Macao, fell 22.2 percent at Sands China, and rose 222 percent at Four Seasons.
Shares are 1.3 percent lower Wednesday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- SLM (SLM) Tops Q1 EPS by 20c; offers guidance
- Amerant Bancorp Inc. (AMTB) Misses Q1 EPS by 5c
- First Bancshares (FBMS) Tops Q1 EPS by 6c
Create E-mail Alert Related Categories
EarningsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
