Overview

* Las Vegas Sands ( LVS ) Q3 revenue of $3.33 bln beats analyst expectations

* Operating profit for Q3 at $719 mln, surpassing analyst estimates

* Company repurchased $500 mln in stock, boosting shareholder returns

Outlook

* Las Vegas Sands ( LVS ) plans to leverage growth opportunities in Macao and Singapore

* Company emphasizes financial strength to support investments and shareholder returns

* Company highlights expansion of travel and tourism spending in Asia

Result Drivers

* HIGH HOLD IMPACT - High hold on rolling play at Marina Bay Sands and Macao positively impacted adjusted property EBITDA by $43 mln and $2 mln, respectively

* SHAREHOLDER RETURNS - Co repurchased $500 mln of common stock and increased stock repurchase authorization to $2.0 bln, also raised annual dividend to $1.20 per share

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $3.33 $3.04

Revenue bln bln (14

Analysts

)

Q3 Net $491 mln

Income

Q3 Beat $719 mln $706.90

Operatin mln (12

g profit Analysts

)

Q3 Capex $229 mln

Q3 $582 mln

Pretax

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the casinos & gaming peer group is "buy"

* Wall Street's median 12-month price target for Las Vegas Sands Corp ( LVS ) is $60.00, about 15.6% above its October 21 closing price of $50.62

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)