Las Vegas Sands Corp. Profit Drops 22% In Q3

(RTTNews) - Las Vegas Sands Corp. (LVS) announced earnings for third quarter that decreased compared to the same period last year.

The company said its earnings came in at $529.81 million, or $0.66 per share. This was lower than $675.66 million, or $0.84 per share, in last year's third quarter.

Analysts had expected the company to earn $0.64 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 18.1% to $2.89 billion. This was down from $3.53 billion last year.

Las Vegas Sands Corp. earnings at a glance:

-Earnings (Q3): $529.81 Mln. vs. $675.66 Mln. last year. -Earnings Decline (Y-o-Y): -21.6% -EPS (Q3): $0.66 vs. $0.84 last year. -EPS Decline (Y-o-Y): -21.4% -Analysts Estimate: $0.64 -Revenue (Q3): $2.89 Bln vs. $3.53 Bln last year. -Revenue Change (Y-o-Y): -18.1%