Las Vegas Sands Q4 Profit Tops Estimate; Revenue Falls Short

(RTTNews) - Las Vegas Sands Corp. (LVS) reported net income for the fourth quarter of $721.3 million or $0.90 per share, compared to $577.5 million or $0.70 per share for the year-ago quarter.

Excluding items, adjusted net income for the fourth quarter was $734.2 million or $0.92 per share, compared to $592.9 million or $0.72 per share in the prior year quarter.

Net revenue for the fourth quarter fell 6.6% to $3.42 billion from $3.66 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.81 per share on revenue of $3.51 billion for the fourth quarter. Analysts' estimates typically exclude special items.

The company also said that its next recurring quarterly dividend of $0.65 per common share will be paid on March 31 to shareholders of record on March 23. That dividend represents an increase of 30% compared to the dividend paid in the first quarter of 2014.