AP NEWS

Las Vegas Sands: 4Q Earnings Snapshot

January 29, 2020 GMT

LAS VEGAS (AP) _ Las Vegas Sands Corp. (LVS) on Wednesday reported fourth-quarter net income of $629 million.

On a per-share basis, the Las Vegas-based company said it had profit of 82 cents. Earnings, adjusted for non-recurring costs, came to 88 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.

The casino operator posted revenue of $3.51 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $3.38 billion.

For the year, the company reported profit of $2.7 billion, or $3.50 per share. Revenue was reported as $13.74 billion.

Las Vegas Sands shares have fallen slightly more than 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $64.70, a rise of 15% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LVS at https://www.zacks.com/ap/LVS