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Article: Las Vegas Sands reports wider 1Q loss
- Article from:
- AP Online
- Article date:
- May 5, 2009
- Author:
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Casino operator Las Vegas Sands Corp. said Tuesday its first-quarter loss widened year-over-year as revenue stagnated and expenses rose, but the results were slightly better than Wall Street expected.
For the quarter that ended March 31, the Las Vegas-based company said it lost $87.7 million, or 14 cents per share, after paying dividends. A year ago, Las Vegas Sands lost $11.2 million, or 3 cents per share.
Excluding one-time items, the company earned 1 cent per share on revenue of $1.08 billion, roughly flat with the first quarter of 2008.
That topped expectations of analysts polled by Thomson Reuters, who forecast an adjusted loss of 2 cents on revenue of $1.06 ...