Las Vegas Sands up after first-quarter profit beats estimates

Las Vegas Sands

24/04/2025 15:00

** Las Vegas Sands LVS.N shares up 3% at $36 in early trade as Q1 profit beats expectations after strong demand in its Singapore business offset stalling market growth in Macao

** Co posts Q1 adj profit of 59 cents per share, compared with analysts' estimates of 57 cents per share, according to data compiled by LSEG

** However, total revenue was $2.86 billion, below estimates of $2.89 billion

** 14 of 19 brokerages rate the stock "buy" or higher, 5 "hold"; their median PT is $53- LSEG

** As of last close, stock had fallen 33%, compared with a 21.7% decline in the S&P 500 Casinos & Gaming index .SPLRCCCGL

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))