Credit Suisse Maintains Outperform Rating on Las Vegas Sands (LVS)

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Go back to Credit Suisse Maintains Outperform Rating on Las Vegas Sands (LVS)

Las Vegas Sands (LVS) Misses Q3 EPS by 3c

October 15, 2014 4:03 PM EDT

(Updated - October 15, 2014 4:07 PM EDT)

Las Vegas Sands (NYSE: LVS) reported Q3 EPS of $0.84, $0.03 worse than the analyst estimate of $0.87. Revenue was $3.53 billion vs the consensus of $3.68 billion. Its quarterly dividend was raised to $0.65 from $0.50, or $2.60 per share on an annual basis starting in the 2015 calendar year. In addition, the company's Board of Directors has authorized an additional $2.0 billion under the company's stock repurchase program.

Mr. Sheldon G. Adelson, chairman and chief executive officer, said, "While the operating environment in Macao, especially in the rolling segment, proved challenging during the... More