NEW YORK (TheStreet) -- Shares of Las Vegas Sands Corp. (LVS) are lower by -1.75% to $72.51 in after-hours trading on Wednesday, after the resort and casino company reported its financial results for the 2014 second quarter, which fell short of analysts' expectations.
Las Vegas Sands reported a 26.7% increase in net income to $671.4 million, or 83 cents per diluted share for the 2014 second quarter, compared to $529.8 million, or 64 cents per diluted share for the 2013 second quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of 90 cents per share, RTT News reports.
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Las Vegas Sands' net revenue increased 11.8% to $3.62 billion, from $3.24 billion for the year ago period.
Analysts expected revenue of $3.80 billion, RTT News said.
Separately, TheStreet Ratings team rates LAS VEGAS SANDS CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate LAS VEGAS SANDS CORP (LVS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."