Founded in 1988, Paradise, Nevada-based Las Vegas Sands Corp (LVS) is an American casino and resort operating company and a leading global developer of destination properties. The company owns The Venetian Resort Hotel Casino and The Palazzo in Las Vegas as well as Marina Bay Sands in Singapore and several properties in Macau.

Currently, Las Vegas Sands has a Zacks Rank #3 (Hold) but that could change following its fiscal third quarter 2015 earnings report. We have highlighted some of the key details from the just-released announcement below.

Earnings: Las Vegas Sands beat earnings expectations. Adjusted EPS came in at $0.66 per share, beating the Zacks Consensus Estimate of $0.63 per share. On a GAAP basis, reported net income decreased 22.7% from last year to $519.4 million.

Revenue: Revenues of $2.89 billion missed the Zacks Consensus Estimate of $2.97 billion. Reported revenues also fell 18.1% compared to the third quarter of 2014.  

Key Note: Las Vegas Sands CEO and chairman Sheldon G. Adelson said that “While the operating environment in Macao, particularly in the high-end gaming segments, remained challenging during the quarter, our focus on the higher margin mass and non-gaming segments and the geographic diversification of our cash flows allowed us to again deliver in excess of one billion U.S. dollars of adjusted property EBITDA during the quarter.”

Stock Price: LVS was up $1.16 or 2.48%, to $48.00 as of 5:04 PM ET in after hours trading shortly after its earnings report was released.