Sands jumps as Q4 sale climb

Investor's Business Daily

Wed, Jan 30, 2013, 7:10 PM

Shares of the top casino resort operator jumped in after-hours trading after its Q4 EPS slid a bit to 54 cents, missing by 5 cents, but sales climbed 21% to $3.08 bil, topping estimates for $3.01 bil. Las Vegas Sands (LVS) said strong revenue from Macau, China, casinos was a driver. CEO Sheldon Adelson said, "We welcomed a record 11 million visitors to our Cotai Strip (Macau) Properties during the quarter" and 5 mil in December. Shares of Wynn Resorts (WYNN) and MGM Resorts (MGM) also rose late.

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Sands jumps as Q4 sale climb

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