Las Vegas Sands (LVS) Misses Q2 EPS by 5c

Las Vegas Sands (NYSE: LVS) reported Q2 EPS of $0.74, $0.05 worse than the analyst estimate of $0.79. Revenue for the quarter came in at $3.3 billion versus the consensus estimate of $3.28 billion.

Consolidated Net Revenue Increased 6.2% to $3.30 Billion

- Net Income Increased 5.8% to $676 Million; Hold-Normalized Adjusted Net Income Increased 21.3% to $597 Million

- GAAP Earnings per Diluted Share Increased 1.4% to $0.70; Adjusted Earnings per Diluted Share Increased 1.4% to $0.74; Hold-Normalized Adjusted Earnings per Diluted Share Increased 22.6% to $0.76

- Consolidated Adjusted Property EBITDA Increased 1.4% to $1.23 Billion, While Hold-Normalized Adjusted Property EBITDA Increased 11.6% to $1.23 Billion

- In Macao, Adjusted Property EBITDA Increased 25.0% to $750 Million, While Hold-Normalized Adjusted Property EBITDA Increased 22.3% to $730 Million

- At Marina Bay Sands in Singapore, Adjusted Property EBITDA was $368 Million

- At Our Las Vegas Operating Properties, Adjusted Property EBITDA Decreased 2.5% to $77 Million, While Hold-Normalized Adjusted Property EBITDA Increased 23.3% to $106 Million

- The Company Paid Quarterly Dividends of $0.75 per Share

- The Company Repurchased $100 Million of Common Stock

For earnings history and earnings-related data on Las Vegas Sands (LVS) click here.

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