Las Vegas Sands posts 32% higher profit but short of estimates, -1.5% AH

|About: Las Vegas Sands Corp. (LVS)|By:, SA News Editor

Las Vegas Sands (LVS) -1.5% AH, paring earlier losses, after Q4 and 2013 revenues posted all-time highs but still fell short of consensus estimates.

Higher operating income was driven by LVS’ Macao operations, which gets the credit for more than two-thirds of total Q4 revenue; operations in Las Vegas contributed slightly more than 10% to revenue.

CEO Sheldon Adelson says the company grew faster than the Macau market in the mass and VIP segments, and expects the larger and more important mass market to remain strong (

LVS expects to buy $75M in stock/month and raise its annual dividend rate to $2/share; says it has room for 3-4 emerging market properties but dividends are the preferred place for the capital in the meantime.