Las Vegas Sands sheds 9% after construction woes impact results; MSC and MLCO decline as well [Seeking Alpha]
Las Vegas Sands Corp. (LVS)
Last las vegas sands corp. earnings: 4/22 04:05 pm
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investor.sands.com/ir-home/default.aspx
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Source: Seeking Alpha
The casino stock was impacted by Las Vegas Sands ( LVS ) management's decision to renovate the Cotai Arena and parts of the London Phase II property during the quarter, which led to lower adjusted EBIDTA for the Macau segment than anticipated. CBRE Equity Research analyst John DeCree maintained a Buy rating on LVS, although he lowered the price target to $64 to reflect some of the construction disruption and a more conservative growth trajectory in Macau for 2025. Jefferies analyst David Katz kept a Hold rating in place on LVS on the expectation that broad market uncertainty in China will continue to weigh on shares. During the Las Vegas Sands ( LVS ) earnings conference call ( transcript ), management talked about some of the development projects the company is involved in. Chief Operating Officer Patrick Dumont said Las Vegas Sands ( LVS ) was very disappointed by the progress in New York. Meanwhile, CEO Robert Goldstein said development in Japan was called "conceivable" and sa
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LVS
News
- Hudson Yards $12B casino hits major roadblock as NYC civic leaders push back over housing getting slashed [Yahoo! Finance]Yahoo! Finance
- Las Vegas Sands Corp. (NYSE:LVS) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Results: Las Vegas Sands Corp. Beat Earnings Expectations And Analysts Now Have New Forecasts [Yahoo! Finance]Yahoo! Finance
- Oil prices jump about 3% after explosions reported in Iran [Fortune]Fortune
- Las Vegas Sands Corp. (NYSE: LVS) had its price target lowered by analysts at Stifel Nicolaus from $70.00 to $65.00. They now have a "buy" rating on the stock.MarketBeat
LVS
Earnings
- 4/17/24 - Beat
LVS
Sec Filings
- 5/1/24 - Form 4
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- LVS's page on the SEC website