Las Vegas Sands Corp. drew a record number of gamblers in Macau in the first quarter and took in more money from its Singapore casinos, helping lift net income by 15 percent to top expectations.
Sands earned a total of $572 million, or 69 cents per share, up from $498.9 million, or 61 cents per share, a year earlier. Excluding one-time items, Sands made 71 cents per share — topping analysts’ estimate of 67 cents. Revenue also beat expectations, rising 20 percent to $3.30 billion, a quarterly record for Sands. Analysts polled by FactSet were expecting Sands to report $3.27 billion in revenue. Full story
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Las Vegas Sands quarterly earnings better-than-expected - Reuters
