Las Vegas Sands ( (LVS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Las Vegas Sands shares took a notable turn due to mixed financial results. While the company experienced a positive boost from its Singapore resort, Marina Bay Sands, reporting strong earnings driven by travel recovery, its Macao operations faced setbacks with a dip in visitor spending. The company’s earnings per share fell short of expectations, although total revenue slightly exceeded forecasts. As a result of these mixed outcomes, analysts, while maintaining a Strong Buy consensus, suggest potential adjustments to price targets. Additionally, the company continued its strategic capital management by repurchasing its own stock and increasing its stake in Sands China Ltd.
More about Las Vegas Sands
YTD Price Performance: -13.37%
Average Trading Volume: 4,772,795
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $31.34B
For further insights into LVS stock on TipRanks’ Stock Analysis page.
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