LAS VEGAS (AP) - Las Vegas Sands Corp. (LVS) on Wednesday reported a first-quarter loss of $1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Las Vegas-based company said it had a loss of less than 1 cent. Losses, adjusted for non-recurring gains, came to 3 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The casino operator posted revenue of $1.78 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $1.57 billion.
Las Vegas Sands shares have decreased 41% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $40.98, a drop of 39% in the last 12 months.
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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
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