financetom
Business
financetom
/
Business
/
Las Vegas Sands misses profit estimates on weakness in Macao business
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Las Vegas Sands misses profit estimates on weakness in Macao business
Jan 29, 2025 2:50 PM

Jan 29 (Reuters) - Casino operator Las Vegas Sands ( LVS )

missed analysts' estimates for fourth-quarter profit on

Wednesday, hurt by tepid performance of its Macao business.

The Las Vegas, Nevada-based company had previously flagged

that it was seeing slowing growth in its integrated resorts and

casino business at Macao properties, including the Venetian

Macao, which contribute a major part to the company's net

revenue.

"In Macao, the ongoing recovery continued during the

quarter, although spend per visitor in the market remains below

the levels reached prior to the pandemic," said CEO Robert

Goldstein.

Las Vegas Sands ( LVS ) posted an adjusted profit of 54 cents per

share for the quarter ended Dec. 31. Analysts on average

expected 58 cents per share, according to data compiled by LSEG.

Revenue from Macao operations fell about 5% to $1.86

billion.

The company's total revenue fell marginally to about $2.9

billion, but was above analysts' estimate of $2.87 billion.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: Google Signs Power Offtake Deal With Planned US Carbon Capture Plant in Illinois
Update: Google Signs Power Offtake Deal With Planned US Carbon Capture Plant in Illinois
Oct 23, 2025
12:19 PM EDT, 10/23/2025 (MT Newswires) -- (Updates with Google ( GOOG ) statement throughout.) Alphabet's (GOOGL, GOOG) Google ( GOOG ) said Thursday it signed a corporate agreement, under which the technology company will purchase electricity from a gas power plant that will capture and permanently store about 90% of its carbon dioxide emissions. The Broadwing power project, located...
Zions Bancorporation's Valuation Discount Overdone, BofA Says
Zions Bancorporation's Valuation Discount Overdone, BofA Says
Oct 23, 2025
12:18 PM EDT, 10/23/2025 (MT Newswires) -- Zions Bancorporation (ZION) shares are trading at a discount to tangible book value growth prospects amid credit concerns, BofA Securities said in a note Thursday. We believe 19% P/E discount to historical avg is overdone, neglects TBV & PPNR growth prospects, the report said. PPNR refers to pre-provision net revenue. The report said...
Update: Market Chatter: Quantum Computing Firms in Talks With Trump Administration to Grant Equity Stakes
Update: Market Chatter: Quantum Computing Firms in Talks With Trump Administration to Grant Equity Stakes
Oct 23, 2025
12:14 PM EDT, 10/23/2025 (MT Newswires) -- (Updates with D-Wave Quantum's ( QBTS ) response in the seventh paragraph.) IonQ ( IONQ ) , Rigetti Computing ( RGTI ) , D-Wave Quantum ( QBTS ) , and Quantum Computing ( QUBT ) are in talks to give the US Commerce Department equity stakes in exchange for federal funding, The Wall...
Realbotix Shares Gain 7.4% After Forming an Advisory Committee and Announcing Board Changes
Realbotix Shares Gain 7.4% After Forming an Advisory Committee and Announcing Board Changes
Oct 23, 2025
12:19 PM EDT, 10/23/2025 (MT Newswires) -- Realbotix ( XBOTF ) shares were last seen up 7.4% after the company on Thursday said it formed an Advisory Committee to expand its leadership in AI-driven humanoid robotics, while making changes to its board. Salim Hasham, Global Director of AI Transformation Partnerships at Google, and Andrew D'Souza will serve as founding member...
Copyright 2023-2026 - www.financetom.com All Rights Reserved