Analysts still hoping the best for Las Vegas Sands

Analysts were surprised that Las Vegas Sands missed its second quarter numbers as its Asian operations failed to rise into the occasion.
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Las Vegas Sands misses forecast, but growth still possible
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Bouncing back

The Story

Analysts were surprised after Las Vegas Sands (LVS) said that its second quarter numbers were off the mark. The company’s Asian operations were expected to take in revenue of $2.15b, but came up short by $10m. Earnings before interest, taxes, depreciation and amortization (EBITDA) for LVS during the most recent quarter was $765m against revenue of $2.14b. These numbers are lower than the previously predicted EBITDA of $788m against $2.15b in revenue made by analysts. The numbers spooked investors, with the company’s stock dropping 5.5% over the past few days.

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