Las Vegas Sands (LVS) stock soared more than 6% in pre-market trading on Thursday, following the casino operator's strong fourth-quarter results that highlighted its continued recovery and growth potential in key markets like Singapore and Macao.
The company reported revenue of $2.9 billion for the quarter, exceeding analysts' expectations of $2.87 billion. This impressive performance was primarily driven by the outstanding financial and operating results at Marina Bay Sands in Singapore, where LVS experienced robust growth across its gaming and non-gaming segments.
Despite missing earnings estimates, with an adjusted EPS of $0.54 versus the consensus forecast of $0.60, LVS's CEO Robert Goldstein expressed enthusiasm about the company's opportunities to deliver industry-leading growth in both Macao and Singapore in the years ahead. While operations in Macao continue to face pandemic-related challenges, the company's strategic investments and capital programs in these key markets position it for long-term success.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.