Las Vegas Sands Earnings Miss Estimates on Slump in Asia
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Las Vegas Sands Corp., the casino company controlled by billionaire Sheldon Adelson, said second-quarter profit fell 34 percent, missing analysts’ estimates as winnings in Asia and Nevada slumped.
Net income shrank to $240.6 million, or 29 cents a share, from $367.6 million, or 45 cents a year earlier, the Las Vegas-based company said today in a statement. Excluding items, profit of 44 cents missed the 60-cent average of 24 analysts’ estimates compiled by Bloomberg.