Las Vegas Sands Corp. Profit Retreats 15% In Q2

(RTTNews) - Las Vegas Sands Corp. (LVS) revealed earnings for second quarter that fell compared to the same period last year.

The company said its profit dropped to $411.31 million, or $0.52 per share. This was lower than $481.46 million, or $0.60 per share, in last year's second quarter.

Analysts had expected the company to earn $0.56 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.2% to $2.65 billion. This was down from $2.92 billion last year.

Las Vegas Sands Corp. earnings at a glance:

-Earnings (Q2): $411.31 Mln. vs. $481.46 Mln. last year. -Earnings Decline (Y-o-Y): -14.6% -EPS (Q2): $0.52 vs. $0.60 last year. -EPS Decline (Y-o-Y): -13.3% -Analysts Estimate: $0.56 -Revenue (Q2): $2.65 Bln vs. $2.92 Bln last year. -Revenue Change (Y-o-Y): -9.2%