The Herald of Everett, Washington
Customer service  |  Subscribe   |   Log in or sign up   |   Advertising information   |   Contact us

The top local business stories in your email

Contact Us:

Josh O'Connor
Phone: 425-339-3007

Maureen Bozlinski
General Sales Manager
Phone: 425-339-3445
Fax: 425-339-3049

Jim Davis
Phone: 425-339-3097

Site address:
1800 41st Street, S-300,
Everett, WA 98203

Mailing address:
P.O. Box 930
Everett, WA 98206

HBJ RSS feeds

Las Vegas Sands beats profit expectations

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon |  PRINTER-FRIENDLY  |  COMMENTS
Associated Press
LAS VEGAS -- Las Vegas Sands Corp. beat Wall Street's expectations in the third quarter as record profits in Macau helped make up for continued weakness in Las Vegas.
The gambling giant's income nearly doubled, driven by growth at Sands' five Macau properties. Macau is the only place in China where casino gambling is legal.
Casino revenue remained sluggish at the company's two Las Vegas casinos, the Venetian and Palazzo.
The company run by billionaire CEO Sheldon Adelson on Thursday reported net income of $626.7 million, or 76 cents per share, up from $349.8 million, or 42 cents per share. Revenue grew by 32 percent to $3.57 billion.
Adjusted earnings were 82 cents per share. Analysts polled by FactSet predicted 76 cents per share on $3.47 billion.
The stock is down less than 1 percent in aftermarket trading after a 2 percent rise during the day.



Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus

Market roundup