Las Vegas Sands (LVS) Q1 'Not What the Bulls Were Looking For' - Nomura
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JPMorgan Downgrades Las Vegas Sands (LVS) to Neutral
April 21, 2016 6:32 AM EDTJPMorgan downgraded Las Vegas Sands (NYSE: LVS) from Overweight to Neutral with a price target of $52.00 (from $46.00).
For an analyst ratings summary and ratings history on Las Vegas Sands click here. For more ratings news on Las Vegas Sands click here.
Shares of Las Vegas Sands closed at $52.18 yesterday.
... MoreLas 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
