Las Vegas Sands rises after brokerages remain confident of growth prospects

Las Vegas Sands

24/10/2024 13:23

** Shares of casino operator Las Vegas Sands  LVS.N  rises
3% to $53 premarket
    ** "We think focus should be on prudent investments the
company is making in its Macao and Singapore businesses, which
will support revenue and profit growth starting next year," -
Morningstar
    ** JP Morgan also remains confident that the renovated
Londoner casino could help LVS achieve growth levels above its
peers in Macao in 2025
    ** Co missed Q3 profit estimates on Wednesday, hit by the
ongoing renovation at its Londoner casino in Macao and
lower-than-expected per table income in Singapore
    ** LVS posted Q3 EPS of 44 cents per share, missing
expectations of 53 cents per share, according to data compiled
by LSEG
    ** As of last close, stock up ~4% YTD

 (Reporting by Anshuman Tripathy in Bengaluru)
 ((Anshuman.Tripathy@thomsonreuters.com;))