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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Las Vegas Sands Corp | NYSE:LVS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.22 | 0.47% | 46.87 | 47.22 | 46.5601 | 47.14 | 4,703,577 | 01:00:00 |
By Kimberly Chin
Las Vegas Sands Corp. (LVS) swung to a profit for the fiscal fourth quarter due to improving operating results and a one-time tax expense of $727 million in the comparable quarter last year.
The casino operator reported net income of $629 million, or 82 cents a share, compared with a net loss of $170 million, or 22 cents a share, a year ago. Adjusted earnings were 88 cents a share. Analysts polled by FactSet were expecting adjusted earnings of 78 cents a share.
Total net revenue rose to $3.51 billion from $3.48 billion a year earlier. Analysts had expected $3.37 billion of revenue in the quarter.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
January 29, 2020 16:27 ET (21:27 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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