Las Vegas Sands Q2 Earnings Highlights: Revenue Beat, EPS Beat, Highest EBITDA Since 2019, Dividend Resumption And More
Portfolio Pulse from Chris Katje
Las Vegas Sands (NYSE:LVS) reported Q2 revenue of $2.54 billion, up over 100% YoY and beating the Street estimate of $2.39 billion. EPS was 46 cents, beating the estimate of 43 cents. The company cited a recovery in travel and tourism spending in Macau and Singapore for the strong results. The company also announced the resumption of its return of capital program, including a 20-cent quarterly dividend. However, LVS shares are down 3% in after-hours trading.
July 19, 2023 | 8:48 pm
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Las Vegas Sands reported strong Q2 results, beating revenue and EPS estimates, and announced the resumption of its return of capital program. However, its shares are down 3% in after-hours trading.
Despite the strong Q2 results and the resumption of its return of capital program, Las Vegas Sands' shares are down in after-hours trading. This could be due to investors' concerns about other factors not mentioned in the news, or it could be a temporary reaction that may change when the market opens.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100