Las Vegas Sands Reports First Quarter 2015 Results
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Sterne Agee CRT Sticks With Buy rating on Las Vegas Sands (LVS) Despite Key New Negatives
April 23, 2015 8:43 AM EDTSterne Agee CRT analyst David Bain lowered estimates and his price target on Las Vegas Sands (NYSE: LVS) to $60.00 (from $63.00) following weak Q1 Macau results but maintained a Buy rating on the solid long-term story.
Bain commented, "Following relatively weak 1Q15 Macau results driven by worse than feared Macau margins, we believe a solid long-term story became a little longer-term and while we remain Buy... More
Las Vegas Sands (LVS) Misses Q1 EPS by 6c
April 22, 2015 4:06 PM EDTLas Vegas Sands (NYSE: LVS) reported Q1 EPS of $0.66, $0.06 worse than the analyst estimate of $0.72. Revenue for the quarter came in at $3.01 billion versus the consensus estimate of $3.22 billion.
Mr. Sheldon G. Adelson, chairman and chief executive officer, said, "While the operating environment in Macao, particularly in the high-end gaming segments, remained challenging during the quarter, our focus on... More
