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Las Vegas Sands: 3Q Earnings Snapshot

Las Vegas Sands: 3Q Earnings Snapshot

Associated Press

LAS VEGAS (AP) -- Las Vegas Sands Corp. (LVS) on Wednesday reported third-quarter earnings of $571 million.

The Las Vegas-based company said it had net income of 73 cents per share. Earnings, adjusted for non-recurring costs, were 77 cents per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.

The casino operator posted revenue of $3.37 billion in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $3.41 billion.

Las Vegas Sands shares have dropped 25 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $52.02, a fall of 18 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LVS at https://www.zacks.com/ap/LVS