Las Vegas Sands (LVS) soared Thursday, one day after executives at the hotel and casino operator said they are confident in their future success due to their strong assets in the important gambling market of Macao.
LVS' fourth-quarter 2024 results reflect solid financial and operational performance at Marina Bay Sands, Singapore and continued recovery in the Macao market.
Call Start: 16:30 January 1, 0000 5:17 PM ET Las Vegas Sands Corp. (NYSE:LVS ) Q4 2024 Earnings Conference Call January 29, 2025, 04:30 PM ET Company Participants Daniel Briggs - Senior Vice President, Investor Relations Robert Goldstein - Chairman and Chief Executive Officer Patrick Dumont - President and Chief Operating Officer Grant Chum - Chief Executive Officer and President, Sands China and Executive Vice President, Las Vegas Sands Asia Operations Wilfred Wong - Executive Vice Chairman, Sands China Conference Call Participants Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America Brandt Montour - Barclays Daniel Politzer - Wells Fargo Chad Beynon - Macquarie Joseph Stauff - SIG George Choi - Citigroup Steven Wieczynski - Stifel Operator Good day, ladies and gentlemen, and welcome to the Sands Fourth Quarter 2024 Earnings Call. At this time, all participants have been placed on a listen-only mode and we'll open the floor for questions and comments after the presentation.
Although the revenue and EPS for Las Vegas Sands (LVS) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Las Vegas Sands (LVS) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.57 per share a year ago.
Las Vegas Sands' fourth-quarter performance is likely to have benefited from a strong recovery in Macau, increased mass gaming and strategic investments in Singapore.
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
Macau's casino industry faces intense regulatory scrutiny, economic pressures and shifting investor sentiment.