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Las Vegas Sands Corp. Q3 Loss Decreases, but misses estimates

Las Vegas Sands Corp. (LVS) reported Loss for third quarter that decreased from the same period last year but missed the Street estimates.

The company's bottom line came in at -$239 million, or -$0.31 per share. This compares with -$368 million, or -$0.48 per share, in last year's third quarter.

Excluding items, Las Vegas Sands Corp. reported adjusted earnings of -$208 million or -$0.27 per share for the period.

Analysts on average had expected the company to earn -$0.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 17.4% to $1.01 billion from $0.86 billion last year.

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

-Earnings (Q3): -$239 Mln. vs. -$368 Mln. last year.
-EPS (Q3): -$0.31 vs. -$0.48 last year.
-Analyst Estimates: -$0.24
-Revenue (Q3): $1.01 Bln vs. $0.86 Bln last year.

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