Las Vegas Sands Q3 earnings surge 79 percent on record Macau earnings

Las Vegas Sands said third-quarter profit surged 79 percent, boosted by record earnings from Macau. The U.S.-based operator had a profit of $626.7 million, or $0.76 a share, compared with $349.8 million, or $0.42 cents a year earlier. Adjusted earnings per share rose to $0.82 cents, topping analysts’ forecasts for $0.76 cents on that basis. Revenue rose 32 percent to $3.57 billion, above forecasts for $3.47 billion. Sands China revenue rose 43 percent to $2.34 billion, now accounting for two thirds of the total. Adjusted property Ebitda for Macau jumped 61 percent to $784.3 million. The company paid a recurring quarterly dividend of $0.35 per common share during the quarter, an increase of 40 percent compared to the third quarter of 2012.