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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:LVS
Las Vegas Sands
Develops, owns, and operates integrated resorts in Macao and Singapore.
Solid track record and fair value.
