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Las Vegas Sands Q2 results top estimates as Macao, Singapore recovery continues

Investing.com -- Las Vegas Sands reported Wednesday second-quarter results that topped Wall Street estimates and reinstated its dividend as performance was boosted by an ongoing recovery in spending in Macao and Singapore following the pandemic lull. 

Las Vegas Sands Corp (NYSE:LVS) fell more than 2% following the report.

The casino operator reported Q2 adjusted EPS of $0.46 on revenue of $2.54 billion, topping estimates of $0.43 on revenue of $2.39B. 

The better-than-expected results come as the company saw a "robust recovery in travel and tourism spending underway in both Macao and Singapore progress during the quarter."

The company reinstated its quarterly dividend at $0.20 per share. 

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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.