Post-Earnings Insight - Las Vegas Sands

LONDON, October 21, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings insight on Las Vegas Sands Corp. (NYSE: LVS). On October 15, 2014, the company reported its financial results for Q3 FY14 (period ended September 30, 2014). Click on www.investor-edge.com/FreeReports to read our free earnings review on Las Vegas Sands. During Q3 FY14, Las Vegas Sands Corp.'s GAAP net income grew 7.2% on a Y-o-Y basis, and its diluted EPS increased 9.2% from the preceding year quarter. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview 

During Q3 FY14, Las Vegas Sands Corp. reported net revenue of $3.53 billion, down 1% compared to $3.57 billion in the same period last year. The company's net revenue during the reported quarter underperformed Bloomberg analysts' forecast of $3.60 billion. On GAAP basis, operating income in Q3 FY14 increased 6.2% to $971.42 million, from $914.83 million in the year-ago quarter, primarily due to a $47.40 million legal settlement expense in Q3 FY13 and stronger operating results across the company's Macao property portfolio during Q3 FY14. Las Vegas Sands Corp.'s net income broadened to $671.70 million, or $0.83 per diluted share in Q3 FY14, from $626.74 million, or $0.76 per diluted share, a year-ago. Analysts from Bloomberg had expected the company to report net income of $682.62 million, or $0.82 per diluted share in Q3 FY14. On the other hand, non-GAAP net income decreased to $675.66 million, or $0.84 per diluted share in Q3 FY14, from $681.26 million, or $0.82 per diluted share in the corresponding quarter last year. The free research on LVS can be downloaded as in PDF format at:

www.Investor-Edge.com/LVSFreeReport

Sheldon G. Adelson, Chairman and CEO of Las Vegas Sands Corp., stated that while the operating environment in Macao, especially in the rolling segment, proved challenging during the third quarter, the company's mass and non-gaming focused strategy allowed the company to report a quarter of steady revenue and cash flow and to deliver growth in operating income, net income and EPS. He said that the company remains focused on the consistent execution of its global growth strategy, which continues to leverage the power of its unique convention-based Integrated Resort business model, and is confident that the continued execution of this strategy will extend Las Vegas Sands' position as the global leader in Integrated Resort development and operation and enable to deliver strong growth in the future.

Mr. Adelson continued by saying that the company's prudent management of cash flow, including the ability to increase the return of capital to shareholders while maintaining a strong balance sheet and ample liquidity to invest in future growth opportunities, remains a cornerstone of its strategy. In accordance, he made the announcement that the company's Board of Directors has increased its recurring common stock dividend by 30.0% to $2.60 per share for the calendar year 2015. Sign up and read the free analyst's notes on LVS at:

www.Investor-Edge.com/LVS-21102014

Las Vegas Sands Corp. paid a recurring quarterly dividend of $0.50 per common share during Q3 FY14, up 42.9% compared to the same quarter last year. The company also announced that its next recurring quarterly dividend for Q4 FY14 of $0.50 per common share will be paid on December 29, 2014 to its shareholders of record on December 18, 2014.

Mr. Adelson further announced that Las Vegas Sands' Board of Directors has authorized an additional $2.0 billion under the company's stock repurchase program. The company informed that since the commencement of its share repurchase program in June 2013, it has returned $2.0 billion to shareholders through the repurchase of 27.1 million shares, including $299.8 million of common stock (4.4 million shares at a weighted average price of $68.73) during the Q3 FY14.

Stock Performance 

On the day following the earnings release, October 16, 2014, Las Vegas Sands Corp.'s stock gained a strong 6.18% to end the session at $64.05. The stock however lost some of its gains over the next two days, losing 0.48% on the following day and 1.29% on the last close, Monday, October 20, 2014, where it finished at $62.92, after vacillating between $62.46 and $63.73. A total of 5.71 million shares were traded, which was below its three months average volume of 6.11 million shares. Over the previous three trading sessions and last one month, the company's shares have advanced 4.31% and 0.95%, respectively. However, the stock has lost 20.22% from the beginning of 2014. Shares of Las Vegas Sands Corp. are trading below their 50-day and 200-day moving averages of $64.00 and $74.06, respectively. Furthermore, the stock traded at a PE ratio of 18.80 and has a Relative Strength Index (RSI) of 55.00. Visit Investor-Edge and access the latest research on LVS at:

www.Investor-Edge.com/LVSEarningsCoverage

Sneak Peek to Corporate Insider Trading 

In the last one month Las Vegas Sands Corp. has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on LVS is available at:

www.Investor-Edge.com/LVSInsiderTrading

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