LAS VEGAS (AP) — Las Vegas Sands Corp. (LVS) on Wednesday reported fourth-quarter net income of $721.3 million.
On a per-share basis, the Las Vegas-based company said it had profit of 90 cents. Earnings, adjusted for non-recurring costs, came to 92 cents per share.
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The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The casino operator posted revenue of $3.42 billion in the period, which fell short of Street forecasts. Analysts expected $3.55 billion, according to Zacks.
For the year, the company reported profit of $2.84 billion, or $3.52 per share. Revenue was reported as $14.58 billion.
Las Vegas Sands shares have dropped slightly more than 3 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $56.16, a decline of 25 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LVS at http://www.zacks.com/ap/LVS
Keywords: Las Vegas Sands, Earnings Report