Las Vegas Sands shares are trading higher despite a Q3 earnings miss. The company also authorized $2 billion in future stock repurchases and raised its quarterly dividend.
Portfolio Pulse from Benzinga Newsdesk
Las Vegas Sands shares are trading higher despite missing Q3 earnings expectations. The company has authorized $2 billion for future stock repurchases and increased its quarterly dividend.
October 23, 2024 | 8:54 pm
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POSITIVE IMPACT
Las Vegas Sands shares are up despite missing Q3 earnings. The company announced a $2 billion stock repurchase program and increased its quarterly dividend, which likely boosted investor confidence.
The announcement of a $2 billion stock repurchase program and an increase in the quarterly dividend are positive signals to investors, indicating confidence in the company's future performance and a commitment to returning value to shareholders. These actions likely offset the negative impact of the earnings miss, leading to a rise in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100