NEW YORK ( TheStreet) -- Las Vegas Sands ( LVS) reported a narrower second-quarter loss and significantly beat Wall Street expectations, as revenue soared. During the quarter, the casino operator lost $4.7 million, or a penny a share, compared with a loss of $222.2 million, or 34 cents, in the year-ago period.
Excluding one-time items, Sands said it would have earned $129.3 million, or 17 cents a share, easily topping the consensus Wall Street estimate of 9 cents a share. Revenue soared 51% to $1.59 billion, in-line with forecasts. A majority of the growth came from Asian markets like Macau and Singapore. Sands China saw revenue climb 41% to $1.03 billion. Sands opened its first casino in Singapore in April. In its first 65 days of operation, the $5.7 billion Marina Bay Sands generated $94 million in earnings before interest, taxes, depreciation and amortization. There's no doubt Asia, at least in the near-term, is where Las Vegas Sands will be focusing its attention. Even more so after its Las Vegas EBITDA dropped 15% to $166 million from $78 million. Shares of Las Vegas Sands are rising 2.6% to $25.91 in morning trading. -- Reported by Jeanine Poggi in New York. Follow TheStreet.com on Twitter and become a fan on Facebook.