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Las Vegas Sands Corp. Q2 Loss Decreases, but misses estimates

Las Vegas Sands Corp. (LVS) revealed Loss for its second quarter that increased from last year and missed the Street estimates.

The company's earnings totaled -$290 million, or -$0.38 per share. This compares with -$192 million, or -$0.25 per share, in last year's second quarter.

Excluding items, Las Vegas Sands Corp. reported adjusted earnings of -$262 million or -$0.34 per share for the period.

Analysts on average had expected the company to earn -$0.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 10.3% to $1.05 billion from $1.17 billion last year.

Las Vegas Sands Corp. earnings at a glance (GAAP) :

-Earnings (Q2): -$290 Mln. vs. -$192 Mln. last year.
-EPS (Q2): -$0.38 vs. -$0.25 last year.
-Analyst Estimate: -$0.29
-Revenue (Q2): $1.05 Bln vs. $1.17 Bln last year.

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