Apr 23, 08:08 PM

Monarch Casino Q1 EPS $1.05 Beats Estimates; Las Vegas Sands Misses Revenue with $2.86B, Net Income $408M

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.

#Las Vegas Sands #LVS #Macau #Marina Bay Sands

Written with ChatGPT (GPT-4).

Monarch Casino Q1 EPS $1.05 Beats Estimates; Las Vegas Sands Misses Revenue with $2.86B, Net Income $408M

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