It has been about a month since the last earnings report for Las Vegas Sands (LVS). Shares have added about 5.7% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Las Vegas Sands due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Las Vegas Sands Q1 Earnings Beat, Down Y/Y on Coronavirus
Las Vegas Sands reported first-quarter 2020 results, wherein both earnings and revenues surpassed the respective Zacks Consensus Estimate after beating the same in preceding quarter. However, both the metrics declined sharply year over year on account of the coronavirus-induced shutdowns.
Earnings & Revenues Discussion
The company reported adjusted loss per share of 3 cents,
CONCORD, NH — Hundreds of millions of dollars will soon be accessible to Granite State residents, business, child care facilities, hospitals, nonprofits, and others to help fight the economic collapse due to the new coronavirus pandemic.
Gov. Chris Sununu announced Friday that $595 million of the $1.25 billion allocated to New Hampshire will be dispersed — including $400 million for small businesses to pay bills, mortgages, and taxes. The governor thanked the Office for Emergency Relief and Recovery members and Jerry Little, its director, for contributing countless hours and being available to bounce off ideas.
“They are a terrific team,” Sununu said, “It’s an absolute honor to work with them.”
During the course of unveiling all of the expenditures, Sununu admitted he tweaked some of the recommendations — including doubling the amount of money to nonprofits, from $30 million to $60 million. He said the tweaks were made because, while
J.C. Penney’s (JCP) future truly hangs in the balance.
A source familiar with the situation tells Yahoo Finance all options remain on the table for the overly indebted retailer, including a full liquidation as a means to better satisfy creditors. The source says J.C. Penney continues to evaluate all options after a debtor-in-possession loan — known as DIP funding — of around $450 million fell through last weekend.
Lenders may be balking on providing J.C. Penney funding to keep its business open during a run through
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