Las Vegas Sands beats earnings estimates as Singapore, Macao drive revenue growth
Total revenue rose 36% to $1.4 billion from its Singapore operations and 2.5% to $1.8 billion from its Macao operations, the company said.
"We remain enthusiastic about our opportunities to deliver industry-leading growth in both Macao and Singapore as we realize the benefits from our recently completed capital investment programs in both markets," CEO Robert Goldstein.
The company posted a quarterly profit of 79 cents per share. Analysts on average were expecting a profit per share of 53 cents, according to data compiled by LSEG.
Total revenue for the quarter ended June 30 rose 15% to $3.18 billion from a year earlier. Analysts, on average, expected revenue of $2.83 billion in the second quarter, as per data compiled by LSEG.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
MSA Safety (MSA) Reports Q2: Everything You Need To Know Ahead Of Earnings
Safety equipment manufacturer MSA Safety (NYSE:MSA) will be reporting results this Monday afternoon. Here's what to look for. MSA Safety beat analysts' revenue expectations by 5% last quarter, reporting revenues of $421.3 million, up 1.9% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts' EPS estimates. Is MSA Safety a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting MSA Safety's revenue to decline 3.2% year on year to $447.8 million, a reversal from the 3.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.76 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MSA Safety has missed Wall Street's revenue estimates three times over the last two years. Looking at MSA Safety's peers in the business services & supplies segment, some have already reported their Q2 results, giving us a hint as to what we can expect. HNI delivered year-on-year revenue growth of 7%, beating analysts' expectations by 3.2%, and MillerKnoll reported revenues up 8.2%, topping estimates by 5.3%. HNI's stock price was unchanged after the resultswhile MillerKnoll was up 12.2%. Read our full analysis of HNI's results here and MillerKnoll's results here. Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the business services & supplies stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.4% on average over the last month. MSA Safety is up 2.2% during the same time and is heading into earnings with an average analyst price target of $182.20 (compared to the current share price of $175.23). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Icahn Enterprises (IEP) Q2 Earnings Report Preview: What To Look For
Holding company and industrial conglomerate Icahn (NYSE:IEP) will be reporting results this Monday before the bell. Here's what to expect. Icahn Enterprises missed analysts' revenue expectations by 29% last quarter, reporting revenues of $1.87 billion, down 24.6% year on year. It was a disappointing quarter for the company, with a significant miss of analysts' EPS estimates. Is Icahn Enterprises a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Icahn Enterprises's revenue to grow 8.5% year on year to $2.39 billion, a reversal from the 13.7% decrease it recorded in the same quarter last year. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Icahn Enterprises has missed Wall Street's revenue estimates five times over the last two years. Looking at Icahn Enterprises's peers in the general industrial machinery segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Luxfer delivered year-on-year revenue growth of 4.3%, beating analysts' expectations by 5.9%, and GE Aerospace reported revenues up 23.4%, topping estimates by 6.5%. Luxfer's stock price was unchanged after the resultswhile GE Aerospace was down 1.1%. Read our full analysis of Luxfer's results here and GE Aerospace's results here. Investors in the general industrial machinery segment have had steady hands going into earnings, with share prices flat over the last month. Icahn Enterprises is up 6.3% during the same time and is heading into earnings with an average analyst price target of $12 (compared to the current share price of $9.00). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Sterling (STRL) Reports Q2: Everything You Need To Know Ahead Of Earnings
Civil infrastructure construction company Sterling Infrastructure (NASDAQ:STRL) will be announcing earnings results this Monday after the bell. Here's what to look for. Sterling beat analysts' revenue expectations by 5.4% last quarter, reporting revenues of $430.9 million, down 2.1% year on year. It was a stunning quarter for the company, with full-year EBITDA guidance exceeding analysts' expectations and full-year revenue guidance exceeding analysts' expectations. Is Sterling a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Sterling's revenue to decline 4.9% year on year to $554.4 million, a reversal from the 11.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.25 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Sterling has missed Wall Street's revenue estimates four times over the last two years. Looking at Sterling's peers in the construction and engineering segment, some have already reported their Q2 results, giving us a hint as to what we can expect. EMCOR delivered year-on-year revenue growth of 17.4%, beating analysts' expectations by 4.9%, and MasTec reported revenues up 19.7%, topping estimates by 4.2%. EMCOR traded down 2.3% following the results while MasTec was also down 8%. Read our full analysis of EMCOR's results here and MasTec's results here. Investors in the construction and engineering segment have had steady hands going into earnings, with share prices flat over the last month. Sterling is up 11.1% during the same time and is heading into earnings with an average analyst price target of $256.33 (compared to the current share price of $263.30). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
