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Las Vegas Sands Earnings

Las Vegas Sands reported net income of $2.53 billion, or $3.31 a share, for the quarter ended March 31, swinging from a net loss attributable to the company of $278 million, or 36 cents a share, in the year-ago period. Chief Executive Robert Goldstein said that while pandemic-related restrictions continued to impact the first quarter’s results, the company was able to generate positive earnings before interest, taxes, depreciation and amortization for the company as a whole.

ETF Newz Says: LVS was up in after-hours trading and has exposure in 3 ETFs. The largest weighting is in the iBET Sports Betting & Gaming ETF (IBET), which holds nearly 5%.