Shares of Las Vegas Sands Corp. LVS fell after hours on Wednesday, after the casino operator reported second-quarter results that missed expectations, despite a broader rebound in tourism spending at its properties in Singapore and Macau. The company reported net income of $368 million, or 41 cents a share, contrasting with a loss of $417 million, or 38 cents a share, in the same quarter last year. Revenue more than doubled to $2.54 billion, compared with $1.05 billion in the prior-year quarter.
LVS fell after hours on Wednesday, after the casino operator reported second-quarter results that missed expectations, despite a broader rebound in tourism spending at its properties in Singapore and Macau. The company reported net income of $368 million, or 41 cents a share, contrasting with a loss of $417 million, or 38 cents a share, in the same quarter last year. Revenue more than doubled to $2.54 billion, compared with $1.05 billion in the prior-year quarter.