Why Las Vegas Sands Stock Is Trading Higher Today
Portfolio Pulse from Adam Eckert
Las Vegas Sands Corp (NYSE:LVS) shares are trading higher following better-than-expected Q3 financial results. The company reported Q3 revenue of $2.79 billion, beating estimates of $2.69 billion, and Q3 EPS of 55 cents, beating estimates of 53 cents. The company's board also authorized $2 billion in stock repurchases through 2025. Stifel analyst Steven Wieczynski maintained a Buy rating for LVS and raised the price target from $69 to $70.
October 19, 2023 | 2:53 pm
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Las Vegas Sands Corp reported better-than-expected Q3 results and authorized $2 billion in stock repurchases through 2025. This has led to a rise in the company's stock price.
Las Vegas Sands Corp's better-than-expected Q3 results and the announcement of $2 billion in stock repurchases have positively impacted the company's stock price. This is likely to continue in the short term as the company's financial strength supports ongoing investment and capital expenditure programs.
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