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Las Vegas Sands misses Q3 earnings estimates

Yahoo Finance Video

Yahoo Finances' Ines Ferre breaks down the numbers to know from Las Vegas Sands' Q3 earnings report.

Video Transcript

ADAM SHAPIRO: Hey, we got to get back to Ines Ferre. We've got earnings from Las Vegas Sands.

INES FERRE: Yeah, and Adam, it's a miss on the top and the bottom line, with Las Vegas Sands reporting revenue of $857 million for its latest quarter. The Street was expecting revenue of $1.15 billion. And also reporting a loss per share of $0.48. That's wider than what the Street had been expecting. The Street was expecting a loss per share of $0.23.

The company also noting heightened pandemic-related restrictions and reduced visitation continue to impact financial results. It also noted investment and capital expenditure programs to expand and enhance our integrated resort offerings in Macau and Singapore continue. So those were two points that investors would be paying attention to when it comes to Las Vegas Sands-- trends and visitation and also expenses related to new projects in Macau.