By Kimberly Chin

Las Vegas Sands Corp. (LVS) swung to a profit for the fiscal fourth quarter due to improving operating results and a one-time tax expense of $727 million in the comparable quarter last year.

The casino operator reported net income of $629 million, or 82 cents a share, compared with a net loss of $170 million, or 22 cents a share, a year ago. Adjusted earnings were 88 cents a share. Analysts polled by FactSet were expecting adjusted earnings of 78 cents a share.

Total net revenue rose to $3.51 billion from $3.48 billion a year earlier. Analysts had expected $3.37 billion of revenue in the quarter.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

January 29, 2020 16:27 ET (21:27 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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