Movement Alert｜Las Vegas Sands Falls 5.09% in Regular Trading, Q3 Miss and Price-Target Cuts Weigh on Shares

Market Focus10-22

On October 22, Las Vegas Sands fell 5.09% in Regular Trading, trading at $35.63 per share, with turnover of $16.9891 million.

The move was driven by the company’s latest third-quarter results missing market expectations, alongside another analyst price-target reduction released the same day.

Las Vegas Sands reported Q3 adjusted EPS of $0.54, below the $0.71 consensus estimate, while revenue was $3.216 billion versus the $3.371 billion estimate. Earlier market coverage also noted after-hours weakness following the earnings miss. On October 22, Stifel lowered its price target to $52 from $54. That followed a broader sequence of target cuts in recent sessions, including reductions by Morgan Stanley, Deutsche Bank, Citigroup, Goldman Sachs, and Barclays, reinforcing a more cautious view on the pace of earnings recovery across the company’s Macao and Singapore operations.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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