Las Vegas Sands Corp (LVS, Financial) experienced a significant stock price drop of 5.01%, trading at $44.52 per share. The trading volume reached 4.17684 million shares, with a turnover rate of 0.58% and a price fluctuation of 3.92%.
Recent financial reports indicate that LVS achieved revenue of $2.682 billion, a net profit of $275 million, and earnings per share of $0.38. The company's gross profit stood at $930 million, with a price-to-earnings ratio of 22.04. Among 22 rating institutions, 68% recommended buying LVS shares, while 32% suggested holding, with no sell recommendations.
The casino and gaming industry, where LVS operates, saw an overall decline of 0.74%. Notably, stocks like Full House Resorts, Inc., Monarch Casino & Resort, Inc., and Penn National Gaming showed significant gains. Penn National Gaming, MGM Resorts, and Wynn Resorts were particularly active, with turnover rates of 4.01%, 1.15%, and 1.14%, respectively. Stocks with notable price swings included Studio City International, Penn National Gaming, and Full House Resorts, Inc., with fluctuations of 14.28%, 9.36%, and 4.66%.
Las Vegas Sands is a leading global integrated resort operator, managing properties such as Macau's Venetian, Sands, Londoner, Four Seasons, and Parisian, as well as Singapore's Marina Bay Sands. The company plans to open a fourth tower in Singapore by 2031. Following the sale of its Las Vegas assets to Apollo and VICI in 2022, LVS's EBITDA now comes entirely from its Asian operations, with casino activities driving most of its sales.
