Airport Traffic in Las Vegas Down 1.2% During September
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Price: $39.70 --0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 7.7%
Revenue Growth %: +2.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 7.7%
Revenue Growth %: +2.4%
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In a e-mail sent after today's close, Nevada's Clark County released airport traffic results for Las Vegas during the month of September. Passenger traffic fell 1.2% to 3.34 million during the month, with traffic to Las Vegas' McCarran down 10.2% in the 9 months up to September.
Although the results were down, traders may be viewing the data as better than expected; stocks of several casino operators appear to be moving higher on the news. In the after-hours session, Las Vegas Sands (NYSE: LVS) is up almost a percent to $16.75 and MGM MIRAGE (NYSE: MGM) is up 0.9% to $11.90.
Although the results were down, traders may be viewing the data as better than expected; stocks of several casino operators appear to be moving higher on the news. In the after-hours session, Las Vegas Sands (NYSE: LVS) is up almost a percent to $16.75 and MGM MIRAGE (NYSE: MGM) is up 0.9% to $11.90.
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