Search Everything in One Place

Explore the web, images, videos, news, and more – all in one place.

Finance

Las Vegas Sands stock gets buried after Q2 report — here's why

Las Vegas Sands Casinos In Macau
Las Vegas Sands Casinos In Macau

Las Vegas Sands Corp. LVS posted its second-quarter results after Wednesday’s closing bell, missing analyst estimates across the board. Here’s a look at the details inside the report. LVS stock is moving. Watch the price action here. Las Vegas Sands Q2 Details Las Vegas Sands reported quarterly earnings of 59 cents per share, which missed the consensus estimate of 74 cents by 20.27%, according to Benzinga Pro data. Quarterly revenue of $3.15...

Las Vegas Sands Corp. LVS posted its second-quarter results after Wednesday’s closing bell, missing analyst estimates across the board.  Here’s a look at the details inside the report. 

Las Vegas Sands Q2 Details       

Las Vegas Sands reported quarterly earnings of 59 cents per share, which missed the consensus estimate of 74 cents by 20.27%, according to Benzinga Pro data.

Quarterly revenue of $3.15 billion missed the Street estimate of $3.33 billion and was down from sales of $3.18 billion in the same period last year.

The company’s board of directors approved expanding its share buyback program to $6 billion.

“We continued to execute our strategic objectives during the quarter in both Singapore and Macao while continuing to increase the return of capital to shareholders,” said CEO Patrick Dumont.

LVS Stock Price Activity: According to data from Benzinga Pro, Las Vegas Sands stock was down 6.41% to $42.35 in Wednesday’s extended trading.  

Photo: Shutterstock

This article Las Vegas Sands Stock Gets Buried After Q2 Report — Here's Why originally appeared on Benzinga.com.

Read full story on Benzinga

Related News

More stories you might be interested in.

CSX stock climbs after Q2 earnings beat estimates
Benzinga·2 hours ago

CSX stock climbs after Q2 earnings beat estimates

CSX Corp. CSX posted better-than-expected second-quarter results after Wednesday’s closing bell. Here’s a look at the details inside the report. CSX stock is moving. Watch the price action here. CSX Q2 Details CSX reported quarterly earnings of 54 cents per share, which beat the consensus estimate of 52 cents, according to Benzinga Pro data. Quarterly revenue came in at $3.94 billion, which beat the Street estimate of $3.9 billion. Total volume...

Southwest Airlines stock slides as Q3 guidance comes in light
Benzinga·2 hours ago

Southwest Airlines stock slides as Q3 guidance comes in light

Southwest Airlines Co LUV reported second-quarter financial results after the closing bell on Wednesday. Here’s a look at the key details from the report. Southwest Airlines stock is trending lower. What’s pulling LUV shares down? Southwest Airlines Q2 Highlights Q2 Revenue: $8.43 billion, versus estimates of $8.58 billion Q1 Adjusted EPS: 94 cents, versus estimates of 51 cents Second-quarter operating revenue increased 16.4% year-over-year. The...

Senator backs Berkshire stock in post-Buffett era as other Congress members bail
Benzinga·2 hours ago

Senator backs Berkshire stock in post-Buffett era as other Congress members bail

Sen. Jerry Moran (R-Kan.) recently disclosed buying Berkshire Hathaway BRKBRK B shares. The Benzinga Government Trades page shows his past purchases of the conglomerate. Moran disclosed buying $15,000 to $50,000 in BRK.B shares on June 23, according to data from Quiver Quantitative. The senator also bought Alphabet GOOG stock, totaling $1,000 to $15,000 on the same day. These latest purchases are similar to the senator’s trading history this...

Las Vegas Sands stock gets buried after Q2 report — here's why
Benzinga·2 hours ago

Las Vegas Sands stock gets buried after Q2 report — here's why

Las Vegas Sands Corp. LVS posted its second-quarter results after Wednesday’s closing bell, missing analyst estimates across the board. Here’s a look at the details inside the report. LVS stock is moving. Watch the price action here. Las Vegas Sands Q2 Details Las Vegas Sands reported quarterly earnings of 59 cents per share, which missed the consensus estimate of 74 cents by 20.27%, according to Benzinga Pro data. Quarterly revenue of $3.15...

Top