2023-01-25 21:20:10

What's Going On With Las Vegas Sands (LVS) Stock Today

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Benzinga
By Henry Khederian

Las Vegas Sands Corp.LVS shares are trading marginally lower by 0.49% to $54.75 during Wednesday's after-hours session after the companyreportedworse-than-expected fourth-quarter adjusted EPS and sales results.

What Happened?

Las Vegas Sands reported quarterly losses of 19 cents per share which missed the analyst consensus estimate of a loss of 9 cents by 111.11 percent. The company also reported quarterly sales of $1.12 billion, which missed the analyst consensus estimate of $1.18 billion by 5%. This sales figure is, however, an 11% percent increase over sales of $1.01 billion in the same period last year.

Las Vegas Sands says the company's operating loss was $166 million, compared to $138 million in the prior year quarter. Meanwhile, the net loss from continuing operations in the fourth quarter of 2022 was $269 million, compared to $315 million in the fourth quarter of 2021.

Additionally, the full-year 2022 operating loss was $792 million, compared to $689 million in 2021.

Continue read on benzinga.com

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