Yahoo Finance Las Vegas Sands First Quarter 2024 Earnings: EPS Beats Expectations
Las Vegas Sands (NYSE:LVS) First Quarter 2024 Results
Key Financial Results
Revenue: US$2.96b (up 40% from 1Q 2023).
Net income: US$494.0m (up 236% from 1Q 2023).
Profit margin: 17% (up from 6.9% in 1Q 2023). The increase in margin was driven by higher revenue.
EPS: US$0.66 (up from US$0.19 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Las Vegas Sands EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.8%.
Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's shares are down 8.7% from a week ago.
Risk Analysis
Be aware that Las Vegas Sands is showing 3 warning signs in our investment analysis that you should know about...
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