Las Vegas Sands (LVS) Tops Q2 EPS by 4c

Las Vegas Sands (NYSE: LVS) reported Q2 EPS of $0.72, $0.04 better than the analyst estimate of $0.68. Revenue for the quarter came in at $3.24 billion versus the consensus estimate of $3.3 billion.

Mr. Sheldon G. Adelson, chairman and chief executive officer, said, "I am extremely pleased to report outstanding quarterly financial results that reflect strong growth in revenue, cash flow and earnings per share, as well as the focused and consistent execution of our global growth strategy. Continued execution of that strategy will extend our position as the global leader in Integrated Resort development and operation.

"In Macao, we delivered record financial results, with strong growth and operating momentum reflected in every segment of our business. We welcomed more than fourteen million visitors to our Cotai Strip properties during the quarter, and delivered a record $657.2 million of adjusted property EBITDA from our Macao property portfolio. We remain confident that our market-leading Cotai Strip properties will meaningfully enhance the app

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

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