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Las Vegas Sands' results weren't what the market expected, but that may be OK for competitors.
After trading higher for much of the day, major U.S. equities indexes lost ground in the afternoon to end Thursday's session mixed.
Las Vegas Sands' (LVS) first-quarter 2024 results reflect solid performance from Macao and Singapore on the back of ongoing travel recovery and progress in tourism spending.
Las Vegas Sands Corp. (NYSE:LVS ) Q1 2024 Earnings Conference Call April 17, 2024 4:30 PM ET Company Participants Daniel Briggs - Senior Vice President of Investor Relations Robert Goldstein - Chairman and Chief Executive Officer Patrick Dumont - President and Chief Operating Officer Grant Chum - Chief Executive Officer & President, Sands China & Executive Vice President, Asia Operations Conference Call Participants Stephen Grambling - Morgan Stanley Carlo Santarelli - Deutsche Bank Joe Greff - J.P. Morgan Shaun Kelley - Bank of America Robin Farley - UBS Vitaly Umansky - Seaport Chad Beynon - Macquarie David Katz - Jefferies Daniel Politzer - Wells Fargo Colin Mansfield - CBRE Institutional Research Operator Good day, ladies and gentlemen, and welcome to the Sands' First Quarter 2024 Earnings Call.
While the top- and bottom-line numbers for Las Vegas Sands (LVS) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Las Vegas Sands (LVS) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.28 per share a year ago.
Las Vegas Sands' LVS profit surged in the first quarter as post-pandemic growth at the company's resorts continued to lift results.
Las Vegas Sands Corp. (NYSE:LVS) has reported a robust financial performance in the first quarter of 2024, exceeding market expectations and demonstrating resilience amidst dynamic market conditions. The renowned developer and operator of convention-based Integrated Resorts reported a net revenue of $2.96 billion for the quarter ended March 31, 2024.
Las Vegas Sands (LVS) reports earnings this afternoon. Its adjusted EPS is estimated at $0.62 and its revenue is estimated at $2.94B.
Las Vegas Sands (LVS) first-quarter top line is likely to have gained from the ongoing recovery in travel and tourism demand in Macao and Singapore.