Why Las Vegas Sands Investors Hit the Jackpot Today

On Thursday, the coins were gushing out of the slot machine that is Las Vegas Sands (NYSE: LVS) stock. The storied casino resort operator scored a more than 12% gain in its share price on the back of a well-received third-quarter earnings report. That rise was significantly steeper than the S&P 500 index's performance; the bellwether stock market indicator increased only by 0.6%. Las Vegas Sands drew the curtain on its quarterly figures just after market close on Wednesday. It earned net revenue of $3.3 billion, which was a robust 24% improvement over the same period of 2024. Its net income not in accordance with generally accepted accounting principles (GAAP) -- adjusted net profit, in other words -- increased by 66% to $536 million, or $0.78 per share. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool