Las Vegas Sands (LVS) Posts Smaller Q1 Loss

Las Vegas Sands (NYSE: LVS) reported Q1 EPS of ($0.08), $0.15 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.32 billion.

"We couldn't be more enthusiastic about the opportunity to welcome more guests back to our properties as greater volumes of visitors are eventually able to travel to Macao, Singapore and Las Vegas," said Robert G. Goldstein, chairman and chief executive officer. "We also remain deeply committed to supporting our team members and to helping those in need in each of our local communities as they recover from the impact of the COVID-19 pandemic."

"We remain confident in the eventual recovery in travel and tourism spending across our markets. Demand for our offerings from our customers who have been able to visit remains robust, but pandemic-related travel restrictions, particularly in Macao and Singapore, continue to limit visitation and hinder our current financial performance."

"Our industry-leading investments in our team members, our communities, and our market-leading Integrated Resort offerings position us exceedingly well to deliver growth as these travel restrictions eventually subside and the recovery comes to fruition. We are fortunate that our financial strength supports our investment and capital expenditure programs in both Macao and Singapore, as well as our pursuit of growth opportunities in new markets."

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

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