Las Vegas Sands Corp. (NYSE:LVS) shares are trending on Thursday.
Shares of the casino and resort company fell 2.16% to $36.70 in after-hours trading on Wednesday after performing lower than expected in third-quarter results.
The results, declared after the markets closed on Wednesday, were for the quarter ended Sept. 30.
LVS Q3 Earnings Miss Analyst Estimates
Las Vegas Sands reported revenue of $3.22 billion, missing the analyst estimate of $3.35 billion by 4.12%. This revenue was down from $3.33 billion a year earlier.
Earnings per share for the company came in at $0.54. This missed the expected $0.71 by 23.9%.
Net income fell to $352 million from $491 million a year earlier, according to the company’s earnings release.
The company also repurchased $950 million of its stock at a weighted average price of $45.31 per share, well above current levels.
Chairman and CEO Patrick Dumont said, "We continued to execute our strategic objectives during the quarter in both Singapore and Macao while increasing the return of capital to shareholders, including through the repurchase of $950 million of our common stock during the quarter."
Trading Metrics, Technical Analysis
Las Vegas Sands has a market capitalization of approximately $24.30 billion. Its stock has traded between a 52-week high of $70.45 and a 52-week low of $35.28.
LVS has a Relative Strength Index (RSI) of 40.53.
Over the past 12 months, the stock has declined by 25.90%.
Price Action: In the regular session on Wednesday, LVS stock closed at $37.51, down 1.75%, according to Benzinga Pro data.
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