Las Vegas Sands (LVS) stock soared 6.38% in the after-hours trading session on Wednesday, following the release of its Q4 2024 earnings report.
The casino operator reported Q4 net income of $392 million, or $0.54 per share, missing consensus analyst estimates of $0.60 per share. However, revenue for the quarter came in at $2.896 billion, beating expectations of $2.872 billion.
While earnings fell short of forecasts, investors appeared to focus on the stronger-than-expected top-line performance, driving up shares in extended trading. Las Vegas Sands' properties in Macau and Singapore likely benefited from a continued recovery in travel and tourism as pandemic restrictions eased further.
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