Las Vegas Sands Stock Rises Despite Mixed Q4 Financial Results: The Details
Portfolio Pulse from Ryan Gustafson
Las Vegas Sands Corp. (NYSE:LVS) saw its stock rise in after-hours trading following its Q4 earnings report. The company reported adjusted earnings of 57 cents per share, which was below the consensus estimate of 61 cents but a significant improvement over the previous year's loss of 19 cents per share. Quarterly sales were $2.92 billion, slightly above the consensus estimate of $2.90 billion and a 160.97% increase from the previous year. The company also reported a substantial increase in adjusted property EBITDA and a strong unrestricted cash balance. CEO Robert G. Goldstein expressed optimism about future growth in Macao and Singapore.
January 24, 2024 | 9:37 pm
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Las Vegas Sands Corp. reported mixed Q4 results with earnings per share below estimates but higher sales. The company's optimistic outlook and strong financial position may positively influence investor sentiment.
Despite missing EPS estimates, the positive sales figures and substantial year-over-year growth, along with the CEO's positive outlook, are likely to be viewed favorably by investors. The after-hours stock price increase suggests a positive short-term impact, but the missed EPS could temper some of the enthusiasm.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100