LVS Stock Recent News

Las Vegas Sands (LVS) reported earnings 30 days ago. What's next for the stock?

MACAO , May 16, 2024 /PRNewswire/ -- Sands® Macao celebrated its 20th anniversary with a ceremony at the hotel and entertainment complex's outdoor fountain Thursday, marking two decades since its 2004 opening ushered in a period of monumental growth for Sands China and for Macao. When the highly anticipated Sands Macao opened its doors on May 18, 2004, the excitement brought about by parent company Las Vegas Sands' first property in Macao drew a colossal crowd eager to be the first to experience the luxurious new landmark.

Las Vegas Sands (LVS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

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.