JPMorgan Downgrades Las Vegas Sands (LVS) to Neutral
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Las Vegas Sands (LVS) Q1 'Not What the Bulls Were Looking For' - Nomura
April 21, 2016 9:05 AM EDTNomura Securities analyst Harry Curtis reiterated a Neutral rating and $45 price target on Las Vegas Sands (NYSE: LVS) following Q1 results, which he said was 'not what the bulls were looking for.'
Curtis commented, "LVS reported hold adjusted 1Q EBITDA of... More
Las Vegas Sands (LVS) Misses Q1 EPS by 17c
April 20, 2016 4:03 PM EDTLas Vegas Sands (NYSE: LVS) reported Q1 EPS of $0.45, $0.17 worse than the analyst estimate of $0.62. Revenue for the quarter came in at $2.72 billion versus the consensus estimate of $2.88 billion.
Mr. Sheldon G. Adelson, chairman and chief executive officer, said, "The operating environment in Macao remained challenging during the quarter; but we do see signs of stabilization, particularly in the mass market. Our focus on the higher margin mass and non-gaming segments and the geographic diversification of our cash flows enabled us to once again deliver in excess of one billion U.S. dollars of... More
