Las Vegas Sands Slips after Mixed Earnings Report

[Stocks-to-Watch]

Las Vegas Sands (LVS) shares slid about 2% after hours following a mixed earnings report. The stock had jumped immediately after the release but soon reversed course.

The company posted strong gains in Macau and Singapore, and smaller gains in Las Vegas. casino revenues actually fell 2.9% in Las Vegas although overall Vegas revenue was up 9.3%.

LVS posted 57 cents of EPS, in line with expectations. Revenue of $2.54 billion beat expectations for $2.47 billion.



Original Article Source by Barrons.com