TradingMarkets.com, 30 Jul 2009, RTTNews
(RTTNews) - Casino operator Las Vegas Sands Corp. (LVS | Quote | Chart | News | PowerRating) said Thursday after the markets closed that its second quarter loss widened sharply from last year, hurt by difficult operating conditions, a legal settlement, a hefty impairment loss and higher depreciation and amortization expenses. However, the company's quarterly adjusted earnings per share came in above analysts' expectations.
The Las Vegas, Nevada-based company reported a GAAP net loss attributable to common shareholders for the second quarter of $222.2 million or $0.34 per share, compared to a GAAP net loss attributable to common shareholders of $8.8 million or $0.02 per share for the year-ago quarter.
Read More
Related:
Vegas casinos cut costs, slash room prices in 2Q - The Associated Press
No High Rolls for Casino Firms - The Wall Street Journal
Las Vegas Sands loss widens in 2nd qtr - The Associated Press
Las Vegas Sands has second quarter loss, shares slip - Reuters
Las Vegas Sands reports 2nd quarter loss - Las Vegas Sun
