© Reuters.
Investing.com — Las Vegas Sands reported Wednesday second-quarter results that topped Wall Street estimates and reinstated its dividend as performance was boosted by an ongoing recovery in spending in Macao and Singapore following the pandemic lull.
Las Vegas Sands Corp (NYSE:) fell more than 2% following the report.
The casino operator reported of $0.46 on revenue of $2.54 billion, topping estimates of $0.43 on revenue of $2.39B.
The better-than-expected results come as the company saw a “robust recovery in travel and tourism spending underway in both Macao and Singapore progress during the quarter.”
The company reinstated its quarterly dividend at $0.20 per share.
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