Las Vegas Sands Reports Lower Q3 Profit

Las Vegas Sands Corp. (NYSE: LVS) posted a 28% year-over-year decline in third-quarter net income, yet signaled confidence in its long-term outlook by announcing a 20% increase in its recurring dividend for the 2027 calendar year. For the quarter ended September 30, the company reported net income of $352 million, down from $491 million in the same period last year. Diluted earnings per share fell 21.3% to $0.48, from $0.61 a year earlier. Net revenue declined 3.5% to $3.22 billion, while consolidated adjusted property EBITDA decreased 16.7% to approximately $1.12 billion.