© Reuters
Investing.com — Las Vegas Sands reported Wednesday better-than-expected third-quarter revenue that was driven by a recovery in travel and tourism spending in Macao and Singapore.
Las Vegas Sands Corp (NYSE:) jumped more than 4% following the report.
The casino operator adjusted Q3 EPS of $0.55 on revenue of $2.8 billion, compared with estimates of $0.55 on revenue of $2.72B.
After reinstating its quarterly dividend last quarter, the company said it authorized increasing its stock buyback plan to $2 billion from $916 million, and extended the duration to Nov. 3, 2025.
The company said it would resume its share repurchase program in Q4.
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