financetom
Business
financetom
/
Business
/
Las Vegas Sands Stock Dips After Worse-Than-Expected Q2 Results
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Las Vegas Sands Stock Dips After Worse-Than-Expected Q2 Results
Jul 24, 2024 2:00 PM

Las Vegas Sands Corp. ( LVS ) reported its second-quarter financial results Wednesday. Here's a look at the details from the report. 

The Details: Las Vegas Sands ( LVS ) reported quarterly earnings of 55 cents per share, which missed the analyst consensus estimate of 56 cents by 1.79%.

Quarterly sales of $2.76 billion also missed the analyst consensus estimate of $2.8 billion by 1.51% and is an 8.62% increase over sales of $2.54 billion from the same period last year.

Read Also: What’s Going On With Meta Stock?

The company reported Consolidated Adjusted Property EBITDA of $1.07 billion with Macao Adjusted Property EBITDA coming in at $561 million. Las Vegas Sands ( LVS ) said low hold on rolling play in Macao negatively impacted the Adjusted Property EBITDA by $4 million.

Marina Bay Sands Adjusted Property EBITDA was $512 million with high hold on rolling play postively impacting Adjusted Property EBITDA by $64 million.

“Our financial and operating results for the second quarter of 2024 reflect growth in both Macao and Singapore compared to the second quarter of 2023.  We remain enthusiastic about our opportunities to deliver industry-leading growth in both markets in the years ahead, as we execute our substantial capital investment programs in both Macao and Singapore,” said Robert G. Goldstein, CEO of Las Vegas Sands ( LVS ).

LVS Price Action: According to Benzinga Pro, Las Vegas Sands ( LVS ) shares are down 3.27% after-hours at $39 at the time of publication Wednesday.

Read Next: 

What’s Going On With Riot Platforms Stock?

Image: Courtesy of Las Vegas Sands, Corp. ( LVS )

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 >
All Better Pediatrics is Now Part of Zarminali Pediatrics, Bringing Future of Care to Tennessee Families
All Better Pediatrics is Now Part of Zarminali Pediatrics, Bringing Future of Care to Tennessee Families
Nov 12, 2025
MEMPHIS, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Zarminali Pediatrics, the first outpatient pediatric destination purpose-built to provide elevated, seamlessly coordinated primary and specialty care nationwide, announced that All Better Pediatrics has joined its growing network. Now operating as Zarminali Pediatrics, the practice is Zarminali’s first in Tennessee and aims to bring care experiences built on compassion and coordination to families...
The Integration Group Acquires North American Warehouse Company, Strengthening Midwest Specialty Logistics and Hazardous Materials Capabilities
The Integration Group Acquires North American Warehouse Company, Strengthening Midwest Specialty Logistics and Hazardous Materials Capabilities
Nov 12, 2025
MARSHALLTOWN, Iowa--(BUSINESS WIRE)-- The Integration Group (TIG), a portfolio company of Maxwell Street Capital Partners (Maxwell Street), has acquired North American Warehousing Company (NAWC), a Chicago-area provider of specialized warehousing and logistics services with a focus on chemical and hazardous materials handling, blending, and container filling. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251112251553/en/ “NAWC has built...
Sagard Real Estate Expands Industrial Portfolio with Acquisition in Woburn, Massachusetts
Sagard Real Estate Expands Industrial Portfolio with Acquisition in Woburn, Massachusetts
Nov 12, 2025
WOBURN, Mass.--(BUSINESS WIRE)-- Sagard Real Estate, formerly EverWest Real Estate Investors, a leading real estate investment advisor, today announced the acquisition of a 66,970-square-foot industrial facility in Woburn, Massachusetts. The acquisition builds on Sagard Real Estate’s broader industrial investment strategy focused on infill, functional assets in population-dense, supply-constrained markets across the United States. The property is located in one of...
EV Realty Secures Additional Investment from Outpost, a GreenPoint Portfolio Company, Adds to Real Estate Portfolio with Stockton Property Acquisition
EV Realty Secures Additional Investment from Outpost, a GreenPoint Portfolio Company, Adds to Real Estate Portfolio with Stockton Property Acquisition
Nov 12, 2025
SAN FRANCISCO, Nov. 12, 2025 (GLOBE NEWSWIRE) -- EV Realty announced today that Outpost, a GreenPoint portfolio company, has contributed assets for a direct minority investment in the company. This additional investment positions EV Realty to continue scaling its Powered Properties® portfolio to enable trucking fleet electrification along key freight corridors. As part of this effort, EV Realty also announced...
Copyright 2023-2026 - www.financetom.com All Rights Reserved