Overview
- Q3 revenue reached $3.33 billion versus $3.03 billion expected, with adjusted EPS of $0.78 topping the $0.60 consensus.
- The board expanded the remaining stock repurchase authorization to $2 billion after the company bought back $500 million in the quarter.
- The company declared a $0.25 quarterly dividend payable Nov. 12 to shareholders of record on Nov. 4.
- Year over year, total revenue rose about 24%, operating income increased to $719 million, and consolidated adjusted property EBITDA climbed to $1.34 billion, with unrestricted cash at $3.35 billion.
- Shares surged 11.8% to $56.64 on Oct. 23 after an initial post-earnings rise of roughly 6%, as management emphasized growth opportunities in Macao and Singapore.