Financial Performance - Las Vegas Sands Corp. reported a net revenue of $2.96 billion and a net income of $583 million for Q1 2024, exceeding market expectations [1] - Sands China Ltd., a subsidiary, saw total net revenues surge by 42% to $1.80 billion, with net income reaching $297 million, a significant turnaround from a net loss of $10 million in Q1 2023 [6] Segment Performance - In Macao, the company achieved an Adjusted Property EBITDA of $610 million, although it faced a $31 million reduction due to a low hold on rolling play [2] - Conversely, Marina Bay Sands in Singapore reported an Adjusted Property EBITDA of $597 million, benefiting from a high hold on rolling play, leading to a $77 million increase [2] Strategic Initiatives - The company is committed to strategic investments to enhance its market position and deliver sustainable growth, with ongoing capital expenditure programs in Macao and Singapore [3][4] - Las Vegas Sands' financial strength and industry-leading cash flow allow it to pursue growth initiatives while returning excess capital to shareholders [4] Shareholder Returns - During Q1 2024, the company repurchased $450 million of its common stock and paid a quarterly dividend of $0.20 per common share, reaffirming its commitment to enhancing shareholder value [5][7] - The company remains optimistic about growth prospects in Macao, Singapore, and other potential markets, positioning itself to capitalize on emerging opportunities [7]

Abbott Laboratories on April 17 reported a 2.2% rise of $10 billion in its 2024 first-quarter sales which includes the impact of the anticipated decline in COVID-19 testing-related sales as compared to the previous year.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Organic sales grew for the underlying base business of 10.8%, which represents the fifth consecutive quarter of double-digit growth. According to the report in the first quarter of 2024, ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >On April 17th, U.S. Bancorp reported its Q1 2024 financial results, before US markets opened this morning.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The results exceeded analysts’ expectations, but were still generally lackluster as compared with 2023. The bank announced a net income of $1.5 billion, compared with a Q1 2023 net income of $1.8 billion and a Q4 2023 net inco ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Goldman Sachs Group (NYSE: GS), a leading global financial institution, has surpassed earnings expectations in its first-quarter financial results for 2024, showcasing robust performance across its various segments.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The company reported net revenues of $14.21 billion and net earnings of $4.13 billion for the quarter ended March 31, ...

Tesla Inc (NASDAQ: TSLA) is in focus today following a report that it plans on lowering its headcount by more than 10%.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.How many employees will Tesla lay off?Copy link to sectionThe electric vehicles behemoth recently asked managers to cancel annual reviews of a bunch of employees, halt stock rewards, and spot critical team members, as per Electrek. All in all, about 15,000 of its workers will be affected ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Disclaimer: This article has been updated with the correct title. The previous copy incorrectly stated that Citi reported a loss. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Citigroup Inc (NYSE: C) is trading up in premarket on Friday after reporting market-beating financial results for its first quarter. Citi took a hit to markets revenue in Q1Copy link to sectionThe finan ...

Wells Fargo & Co (NYSE: WFC), on April 12th, reported a year-on-year decrease in its first-quarter net income for the first earnings report of FY 2024. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Net income for the quarter came in at $4,.61 billion, below Q1 of 2023’s $4.99 billion. Diluted earnings per common share were reported to be $1.20. In contrast, Q1 of 2023 posted an EPS of $1.23 diluted earnings per common share. Ahead of the earnings, ...

JPMorgan Chase & Co. (NYSE: JPM) on April 12th reported a $13.4 billion net income for the first earnings report of FY 2024.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Excluding significant items, net income stood at $13.4 billion, or “$14.0 billion excluding a $725 million increase to the FDIC special assessment”, according to Jamie Dimon, Chairman and CEO. Reported revenue for Q1 was at $41.9 billion, and managed revenue at $42.5 billion. This w ...

Wall Street expects JPMorgan Chase & Co (NYSE: JPM) to start the earnings season on a constructive note on Friday.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.JPMorgan Q1 earnings expectationsCopy link to sectionThe financial services behemoth will likely raise its guidance for net interest income as well, says Scott Siefers – a Piper Sandler analyst. $JPM currently sees its NII to be around $90 billion this year versus $89.3 billion in 2023. Accor ...

Adobe (NASDAQ: ADBE) stock price is in a freefall, and the worst may be yet to come. It has crashed to a low of $487, its lowest level since July 2023. Worse, the stock has crashed by over 23% from its highest point this year, meaning that it has entered a deep bear market.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Death cross pattern is nearing Copy link to section Adobe’s share price is nearing one of the most dreaded patterns in the financial ...