Sands Sees Slower Than Expected Earnings: Shares Sent Reeling

Submitted by Aaron Goldstein on

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Aaron Goldstein

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Sands Las Vegas reported slower-than-expected revenue growth from its Macau operations resulting in second-quarter adjusted earnings that were $0.04 below the consensus of $0.89.

Sands traded recently at $73.02, down about one percent.

The casino company’s competitors shares were adversely affected as a result of the poor performance.

Wynn Resorts was down 1.4 percent Thursday. Wynn is expected to post second-quarter earnings in August of $1.97 per share on revenue of $1.44 billion.

Melco Crown Entertainment was also down 1.4 percent.

- Aaron Goldstein, Gambling911.com

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