Ultra Strong Macau Growth Drives Sands (LVS) Q4 Revs, But EPS Flat vs. Views
Revenue increased 26.3 percent to $2.54 billion, from $2.02 billion in the same period last year.
Net income jumped 33.7 percent to $435.28 million, or 39 cents per share. Excluding certain one-time items, earnings were a more robust 57 cents per share.
The Street was looking for revs of $2.47 billion and earnings of 57 cents per share.
Overall operating margins increased from 24.3 percent last year to 26.1 percent.
Sands China saw sales rise 22 percent to $1.33 billion, while adjusted EBITDA came in 29.2 percent better to $430.1 million.
Likewise, Las Vegas ops revs increased 9.3 percent to $339.5 million, with operating income up 9.2 percent. Pennsylvania saw a 25.9 percent revenue increase to $105 million, and a similar increase in net income.
Sands didn't issue forward guidance this quarter.
Shares are just over 2 percent lower Wednesday night.