Casino operator Las Vegas Sands Corp., owned by billionaire Sheldon Adelson, on Wednesday posted better-than-expected first-quarter earnings, helped by good results in Macau, and its shares rose.
Sands said first-quarter net revenue rose 19.5 percent to $3.3 billion, net income rose 14.6 percent to $572.0 million, and earnings per share rose 13.1 percent to 69 cents a share.
On an adjusted basis, earnings rose to 71 cents from 70 cents a share. Analysts, on average, had expected Sands to post adjusted earnings of 66 cents, according to consensus estimates compiled by ThomsonReuters I/B/E/s.
The company's shares rose 1.69 percent to $57.20 a share in after hours trade from its close of $56.25 on Wednesday.
Sands said its Sands China Ltd Hong Kong listed unit and Macau casino operator, saw net income increase 63.3 percent to $452.9 million in the first quarter.
Revenue rose 39.3 percent to $2.02 billion in the quarter.
© 2026 Thomson/Reuters. All rights reserved.