Barron's Blog, 30 Jan 2014
Las Vegas Sands (LVS) reported fourth-quarter earnings that fall short of expectations. Revenue rose 19% to $3.66 billion, below the expected $3.71 billion; earnings per share came in at 72 cents per share, lower than the projected 84 cents.
Shares of Las Vegas Sands were down 2.3% pre-market.
Investors should look past the weak earnings in Singapore and focus on Las Vegas Sands’s strength in Macau and buy on recent share pull-backs, analysts from J.P. Morgan to Stifel Research urge us. Full story