Las Vegas Sands Corp. Q2 Profit Soars - Quick Facts

(RTTNews) - Las Vegas Sands Corp. (LVS) reported that its second-quarter net income attributable to company increased 120.2% to $529.8 million, from $240.6 million last year, while earnings per share increased to $0.64, from $0.29 in the prior year quarter. The company said the increase in net income attributable to company reflected the increase in operating income, partially offset by the increase in net income attributable to noncontrolling interests.

Adjusted net income increased to $540.6 million, or $0.65 per share, compared to $365.3 million, or $0.44 per share, in the second quarter of 2012. The increase in adjusted net income was driven by the higher net income attributable to Las Vegas Sands, the company said.

On average, 22 analysts polled by Thomson Reuters expected the company to report profit of $0.68 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenue increased 25.6% to $3.24 billion, compared to $2.58 billion in the second quarter of 2012. Analysts expected revenue of $3.30 billion for the quarter.

The company also announced that its next recurring quarterly dividend of $0.35 per common share will be paid to shareholders on September 30, 2013 to shareholders of record as of September 20, 2013.