Las Vegas Sands Reports Second Quarter 2015 Results
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Brean Capital Maintained Buy on Las Vegas Sands (LVS) Following 2Q Results
July 23, 2015 7:24 AM EDTBrean Capital maintained a Buy rating and $60.00 price target on Las Vegas Sands (NYSE: LVS) following 2Q15 earnings results. LVS reported adjusted EPS of $0.60, in line with consensus. Adjusted property-level EBITDA was $1.02B, ahead of the consensus of $0.98B.
Analyst Bryan Maher commented, "LVS delivers solid 2Q15... More
Las Vegas Sands (LVS) Misses Q2 EPS by 1c
July 22, 2015 4:05 PM EDTLas Vegas Sands (NYSE: LVS) reported Q2 EPS of $0.60, $0.01 worse than the analyst estimate of $0.61. Revenue for the quarter came in at $2.92 billion versus the consensus estimate of $2.99 billion.
Consolidated adjusted property EBITDA of $1.02 billion decreased 22.6% in the second quarter of 2015, compared to the year-ago quarter. On a hold-normalized basis, adjusted property EBITDA decreased 16.8% to $1.01 billion in the second quarter of 2015.
Net revenues and adjusted property EBITDA for the second quarter of 2015 at Sands Cotai Central were $554.2 million and $164.2 million, respectively, resulting in an EBITDA margin... More
