Las Vegas Sands: 4Q Earnings Snapshot

LAS VEGAS (AP) _ Las Vegas Sands Corp. (LVS) on Wednesday reported a fourth-quarter loss of $299 million, after reporting a profit in the same period a year earlier.

The Las Vegas-based company said it had a loss of 39 cents per share. Losses, adjusted for non-recurring costs, came to 37 cents per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.

The casino operator posted revenue of $1.15 billion in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $1.23 billion.

For the year, the company reported a loss of $1.69 billion, or $2.21 per share, swinging to a loss in the period. Revenue was reported as $3.61 billion.

Las Vegas Sands shares have decreased 18% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $49.04, a drop of 22% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LVS at https://www.zacks.com/ap/LVS