Las Vegas Sands (LVS) Stock Higher on Q3 Beat

NEW YORK (TheStreet) -- Shares of Las Vegas Sands  (LVS) were gaining in after-hours trading on Thursday after posting better-than-anticipated results for the 2016 third quarter. 

After the market close, the Las Vegas-based casino operator reported adjusted earnings of 72 cents per share, beating analysts' estimates of 60 cents per share. 

Revenue climbed 2.6% year-over-year to $2.97 billion and topped analysts' projections of $2.82 billion.

Revenue at the Venetian Macao resort was $669.8 billion, while revenue was $443.2 million at the Sands Cotai and $58.1 million at the Parisian Macao. The FactSet consensus was for revenue of $703.5 million, $179.1 million and $47.7 million, respectively.

Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B-.

Las Vegas Sands' strengths such as its good cash flow from operations, expanding profit margins, solid stock price performance and notable return on equity outweigh the fact that the company has had somewhat weak growth in earnings per share.

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

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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