Overview
- Q3 revenue rose to $3.33 billion and adjusted EPS reached $0.78, topping estimates on double‑digit growth in both sales and profitability.
- Operating income increased to $719 million, consolidated adjusted property EBITDA reached $1.34 billion, and unrestricted cash stood at $3.35 billion.
- The company repurchased $500 million of stock in the quarter and expanded its buyback authorization to $2 billion.
- The board declared a $0.25 quarterly dividend payable Nov. 12 and outlined a plan to lift the annual payout to $1.20 next year.
- Shares climbed roughly 12% over two sessions following the report, and Stifel raised its price target to $68 with a buy rating.