Las Vegas Sands Stock Jumps On Q3 Earnings

Benzinga

Las Vegas Sands beat Q3 estimates with $3.33B revenue and 78¢ EPS, up 24% year-over-year. Strong results in Macao and Singapore led to a $2B buyback expansion and a 25¢ dividend, boosting shares nearly 6% after hours.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Las Vegas Sands reported third quarter revenue of $3.33 billion in adjusted earnings of $0.78

00:07per share, both exceeding analyst estimates, according to Benzinga. Revenue climbed 24%

00:12year-over-year, with operating income up to $719 million, and adjusted property EBITDA

00:17reaching $1.34 billion. CEO Robert Goldstein said Las Vegas Sands is confident in its growth

00:23prospects in Macau and Signapore, supported by strong cash flow, ongoing investments,

00:27and shareholder returns. The sport expanded the share buyback program to $2 billion and

00:32declared a 25-cent dividend, able on November 12th. Shares rose 5.89% after hours to $53.60

00:39on Wednesday, according to Benzinga Pro. For all things money, visit Benzinga.com.

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