Las Vegas Sands Q3 Profit Falls Short of Estimates as Earnings and Revenue Miss

Las Vegas Sands Corp. (LVS) reported third-quarter net income of $304 million on Wednesday, missing Wall Street expectations as both earnings and revenue fell below analyst forecasts. The Las Vegas-based casino operator posted earnings of 48 cents per share, or 54 cents per share adjusted for non-recurring and asset impairment costs. The average estimate of eight analysts surveyed by Zacks Investment Research was 71 cents per share. Revenue for the period totaled $3.22 billion, short of the $3.32 billion forecast by seven analysts surveyed by Zacks. The results mark a quarterly shortfall on both the top and bottom lines for the casino operator.