Las Vegas Sands shares gain on better-than-expected results
Shares of Las Vegas Sands Corp. rallied in Wednesday's extended session as the casino operator's quarterly earnings beat expectations despite challenges in Macau. Las Vegas Sands said its third-quarter earnings fell to $618.2 million, or 65 cents a share, from $860.5 million, or 83 cents a share, a year ago. On an adjusted basis, Las Vegas Sands would have earned 66 cents a share, better than 63 cents a share forecast by analysts in a FactSet survey. Revenue declined to $2.89 billion from $3.53 billion, falling short of $2.96 billion projected by analysts. Shares climbed 3.5% in after-hours action.
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