Las Vegas Sands reported second-quarter revenue of $3.15 billion, missing the Zacks Consensus Estimate of $3.37 billion by 6.41% and declining 0.7% year over year. Earnings per share came in at $0.59, well below the consensus of $0.77 and down from $0.79 a year ago. Total Macao revenue was $1.79 billion, missing the $2.02 billion estimate, while Marina Bay Sands net revenue of $1.38 billion slightly exceeded the $1.36 billion forecast. Within Macao, The Londoner Macao generated $710 million versus an estimate of $777.34 million, The Venetian Macao brought in $591 million against a $733.13 million estimate, and The Plaza Macao and Four Seasons Macao posted $137 million compared to the $226.94 million estimate, though Sands Macao and The Parisian Macao beat expectations with $95 million and $218 million respectively. Ferry Operations and Other revenue rose 18.2% year over year to $39 million, surpassing the $27.57 million estimate.
Sands China LtdSands China's Macao revenue missed estimates, dragging parent company results.
Las Vegas Sands CorpQ2 revenue and EPS missed consensus estimates significantly.