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Las Vegas Sands Q3 revenue tops estimates; boosts stock buyback plan to $2B

Investing.com --  Las Vegas Sands reported Wednesday better-than-expected third-quarter revenue that was driven by a recovery in travel and tourism spending in Macao and Singapore.

Las Vegas Sands Corp (NYSE:LVS) jumped more than 4% following the report.

The casino operator reported adjusted Q3 EPS of $0.55 on revenue of $2.8 billion, compared with estimates of $0.55 on revenue of $2.72B. 

After reinstating its quarterly dividend last quarter, the company said it authorized increasing its stock buyback plan to $2 billion from $916 million, and extended the duration to Nov. 3, 2025.  

The company said it would resume its share repurchase program in Q4.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.