
Monarch Casino & Resort (MCRI) reported first-quarter GAAP earnings per share of $1.05, slightly surpassing the consensus estimate of $1.04. The company's sales reached $125.39 million, beating the expected $122.66 million. In contrast, Las Vegas Sands (LVS) posted first-quarter revenue of $2.86 billion, missing the $2.91 billion estimate. The operating profit was $609 million, below the anticipated $682.3 million, while net income stood at $408 million. Pretax profit for LVS was $471 million, with capital expenditures totaling $379 million. Adjusted property EBITDA for LVS was $1.14 billion overall, including $535 million from Macau and $605 million from Marina Bay Sands. The company repurchased $450 million of its shares during the quarter. LVS reported an adjusted EPS of $0.59, slightly beating the $0.58 estimate, but its revenue and earnings fell short of analyst expectations, leading to a modest decline in stock performance.
$LVS (+0.3% pre) Las Vegas Sands (LVS) Lags Q1 Earnings and Revenue Estimates https://t.co/q6g8FFR0cn
$LVS Las Vegas Sands Q1 Adj. EPS $0.59 Beats $0.58 Estimate Sales $2.86B Miss $2.91B Estimate
$LVS Earnings: - Net Revenue of $2.86 billion and Net Income of $408 million - Consolidated Adjusted Property EBITDA of $1.14 billion - Macao Adjusted Property EBITDA of $535 million - Marina Bay Sands Adjusted Property EBITDA of $605 million - LVS Repurchased $450 million of https://t.co/CwOtqbCpUy