Las Vegas Sands Corp. Reveals 33% Retreat In Q1 Earnings

(RTTNews) - Las Vegas Sands Corp. (LVS) reported earnings for first quarter that decreased compared to the same period last year.

The company said its bottom line dropped to $357.33 million, or $0.45 per share. This was down from $531.11 million, or $0.66 per share, in last year's first quarter.

Analysts had expected the company to earn $0.62 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.6% to $2.72 billion. This was down from $3.01 billion last year.

Las Vegas Sands Corp. earnings at a glance:

-Earnings (Q1): $357.33 Mln. vs. $531.11 Mln. last year. -Earnings Decline (Y-o-Y): -32.7% -EPS (Q1): $0.45 vs. $0.66 last year. -EPS Decline (Y-o-Y): -31.8% -Analysts Estimate: $0.62 -Revenue (Q1): $2.72 Bln vs. $3.01 Bln last year. -Revenue Change (Y-o-Y): -9.6%