Las Vegas Sands misses Q2 estimates as Macao recovery remains slow
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작성자 Elissa Wegener 댓글 0건 조회 18회 작성일 24-08-18 05:12본문
July 24 (Reuters) - Casino operator 1WIN Las Vegas Sands Corp missed Wall Street estimates for second-quarter profit and Sweet Bonanza (https://telegra.ph/) revenue on Wednesday as tourism in Macao remain below pre-pandemic levels.
Shares of the company were down about 2.6% in extended trading.
Casino operators in Macao continue to be under pressure as the region struggles to fully recover from pandemic-related restrictions, which were first lifted in January 2023.
Revenue for the quarter ended June 30 was $2.76 billion, up 8.6% from last year, but below analysts' estimates of $2.8 billion, as per LSEG data.
"Visitation to the (Macao) market remains well below the levels reached prior to the pandemic," CEO Robert Goldstein said in a statement.
Adjusted earnings came in at 55 cents per share, while analysts on average expected earnings of 56 cents per share. (Reporting by Aishwarya Jain in Bengaluru; Editing by Alan Barona)
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Shares of the company were down about 2.6% in extended trading.
Casino operators in Macao continue to be under pressure as the region struggles to fully recover from pandemic-related restrictions, which were first lifted in January 2023.
Revenue for the quarter ended June 30 was $2.76 billion, up 8.6% from last year, but below analysts' estimates of $2.8 billion, as per LSEG data.
"Visitation to the (Macao) market remains well below the levels reached prior to the pandemic," CEO Robert Goldstein said in a statement.
Adjusted earnings came in at 55 cents per share, while analysts on average expected earnings of 56 cents per share. (Reporting by Aishwarya Jain in Bengaluru; Editing by Alan Barona)
If you beloved this short article as well as you wish to acquire more info with regards to 1WIN kindly go to our web site.
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