LVS Las Vegas Sands Corp

   By Patrick Thomas 
 

Shares of Las Vegas Sands Corp.'s (LVS) fell more than 4% during after-hours trading after the company missed analysts' expectations on key financial measures.

The casino operator reported a fourth-quarter loss of $170 million, or 22 cents a share, compared with a profit of $1.21 billion, or $1.53 a share, in the same period a year ago. The company paid a nonrecurring income tax expense of $727 million from the Tax Cuts and Jobs Act, compared with a benefit of $429 million in the prior year quarter.

The company reported adjusted earnings of 77 cents a share. Analysts polled by FactSet were expecting earnings of 85 cents a share on an adjusted basis.

Revenue rose 2.5% to $3.48 billion. Analysts had expected $3.53 billion of revenue in the quarter. Gaming revenue in Macau rose to $2.26 billion, up from $2.10 billion same period a year ago.

Gambling company rival Wynn Resorts Ltd. (WYNN) reports its fourth-quarter earnings Jan. 30.

Write to Patrick Thomas at patrick.thomas@wsj.com

(END) Dow Jones Newswires

January 23, 2019 16:46 ET (21:46 GMT)

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