NEW YORK (TheStreet) -- Las Vegas Sands  (LVS - Get Report) stock is climbing by 2.48% to $48 in after-hours trading on Wednesday, after the company released its 2015 third quarter earnings results. 

The casino operator reported earnings of 66 cents per share for the most recent period, down from 84 cents per share for the year ago period. 

Revenue decreased by 18.1% year over year, to $2.89 billion from $3.53 billion for the 2014 third quarter. 

Analysts had forecast for earnings of 64 cents per share on revenue of $2.99 billion. 

"While the operating environment in Macao, particularly in the high-end gaming segments, remained challenging during the quarter, our focus on the higher margin mass and non-gaming segments and the geographic diversification of our cash flows allowed us to again deliver in excess of one billion U.S. dollars of adjusted property EBITDA during the quarter and weather this cyclical downturn better than the industry overall," CEO Sheldon Adelson said in a statement. 

Additionally, gambling hub Macau's economy has been lagging as China's broader economic downturn and an anti-corruption campaign drive away VIP gamblers.

Separately, TheStreet Ratings team rates LAS VEGAS SANDS CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

We rate LAS VEGAS SANDS CORP (LVS) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: LVS

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