CASINO operator Las Vegas Sands beat analysts’ expectations for second-quarter profit and revenue on Wednesday, driven by strength in its Singapore and Macao businesses, sending its shares up 4.6 percent in trading after the bell.
Total revenue rose 36 percent to $1.4 billion from its Singapore operations and 2.5 percent to $1.8 billion from its Macao operations, the company said.
“We remain enthusiastic about our opportunities to deliver industry-leading growth in both Macao and Singapore as we realize the benefits from our recently completed capital investment programs in both markets,” CEO Robert Goldstein.
The company posted a quarterly profit of 79 cents per share. Analysts on average were expecting a profit per share of 53 cents, according to data compiled by LSEG.
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