Shares of Las Vegas Sands (NYSE: LVS) surged in Wednesday’s after-hours session. That’s after the casino operator posted first-quarter results that topped Wall Street forecasts due in part to the ongoing recovery in Macau.
The Venetian Macau, seen above. Operator Las Vegas Sands posted strong first-quarter results.
The Venetian Macau operator posted earnings per share (EPS) from continuing operations of 28 cents on revenue of $2.12 billion in the first three months of 2023. Analysts expected per share earnings of 20 cents on sales of $1.85 billion. In Macau, where its Sands China unit runs five integrated resorts, mass gaming revenue topped $1 billion for the first time since before the coronavirus pandemic.
The Venetian Macau, seen above. Operator Las Vegas Sands posted strong first-quarter results.
The Venetian Macau operator posted earnings per share (EPS) from continuing operations of 28 cents on revenue of $2.12 billion in the first three months of 2023. Analysts expected per share earnings of 20 cents on sales of $1.85 billion. In Macau, where its Sands China unit runs five integrated resorts, mass gaming revenue topped $1 billion for the first time since before the coronavirus pandemic.
