LAS VEGAS (AP) – Las Vegas Sands Corp. on Wednesday said fourth-quarter dropped 35 percent, hurt by softer results in China.
The casino operator earned $465.8 million, or 59 cents per share, for the period. Earnings, adjusted for non-recurring costs, were 62 cents per share, below Wall Street expectations. Analysts surveyed by Zacks Investment Research were anticipating earnings of 64 cents per share.
Revenue fell 16 percent to $2.86 billion, also missing market forecasts. Analysts surveyed by Zacks expected $2.92 billion.
For the year, the company reported profit of $1.97 billion, or $2.47 per share. Revenue was reported as $11.69 billion.
Las Vegas Sands shares rose 1.4 percent to $42.19 in aftermarket trading. The stock had risen 72 cents to close at $41.59 Wednesday, a 27 percent drop over the past 12 months.
_____
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LVS at http://www.zacks.com/ap/LVS
_____
Keywords: Las Vegas Sands, Earnings Report
Copyright 2016 The Associated Press.
