Las Vegas Sands (NYSE:LVS) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$2.68b (down 4.0% from 3Q 2023).
- Net income: US$275.0m (down 28% from 3Q 2023).
- Profit margin: 10% (down from 14% in 3Q 2023).
- EPS: US$0.38 (down from US$0.50 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Las Vegas Sands Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 26%.
Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's shares are up 3.3% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Las Vegas Sands.
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About NYSE:LVS
Las Vegas Sands
Develops, owns, and operates integrated resorts in Macao and Singapore.
Solid track record and fair value.