Las Vegas Sands Earnings Top Estimates on Asia Casino Gains
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Las Vegas Sands Corp., the casino company controlled by billionaire Sheldon Adelson, posted third-quarter profit that beat analysts’ estimates on continued growth in Asia. The company raised its dividend 43 percent.
Profit rose to 82 cents a share, excluding some items, compared with the 77-cent average of 21 analysts’ estimates compiled by Bloomberg. Revenue gained 32 percent to $3.57 billion, the Las Vegas-based company said today in a statement, topping analysts’ estimates of $3.47 billion.