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Las Vegas Sands (LVS Quote) swung to a third-quarter profit and beat Wall Street estimates as business continued to roar at its Macao, China casino.
The Las Vegas-based casino outfit earned $91 million, or 26 cents a share. In the third quarter of 2004, it lost $85.9 million, or 26 cents a share, on a slew of special items.
Excluding items, Las Vegas Sands earned $99.9 million, or 28 cents a share, in the third quarter, up from adjusted earnings of $68 million, or 21 cents a share, a year ago. The latest quarter's number beat the average Wall Street estimate from Thomson First Call by a penny. ...
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