Las Vegas Sands (NYSE:LVS) Posts Quarterly Earnings Results, Misses Expectations By $0.14 EPS

Las Vegas Sands (NYSE:LVS) reported quarterly earnings of $0.54 per share, falling short of analyst estimates of $0.68 by $0.14. The casino operator's revenue also missed expectations, coming in at $3.22 billion against an estimated $3.33 billion. Following the announcement, LVS shares declined by $0.70 to $37.47, nearing its one-year low, while analysts maintain a "Moderate Buy" rating with an average price target of $57.69 despite recent target reductions and downgrades.