Las Vegas Sands Stock Dips After Worse-Than-Expected Q2 Results
Portfolio Pulse from Erica Kollmann
Las Vegas Sands Corp. (NYSE:LVS) reported worse-than-expected Q2 results, with earnings and sales missing analyst estimates. The company saw growth in both Macao and Singapore, but shares dipped 3.27% after-hours.
July 24, 2024 | 8:44 pm
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Las Vegas Sands reported Q2 earnings of $0.55 per share, missing the consensus estimate of $0.56. Sales were $2.76 billion, also below the $2.8 billion estimate. Despite growth in Macao and Singapore, shares fell 3.27% after-hours.
The earnings and sales figures both missed analyst expectations, which typically leads to a negative market reaction. The after-hours share price drop of 3.27% reflects investor disappointment.
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IMPORTANCE 80
RELEVANCE 100