Shares of casino owner Las Vegas Sands (LVS) are blowing in the wind this evening, falling 99 cents, or 6%, to $16.46 after the company reported Q4 revenue upside but merely met profit estimates.
Q4 revenue rose 17.5%, year over year, to $1.28 billion, above the $1.23 billion analysts expected, while profit per share was 3 cents, versus a year earlier loss of 4 cents, as expected.
CEO Sheldon Adelson trumpeted the results at the company’s Macao casinos, up 15% at the Sands Macao and 28% at the Venetian Macao.
By contrast, Las Vegas casino revenue was off 7% and room revenues in the hotel were off 19%.
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