Las Vegas Sands said revenue surged in the fourth quarter fueled by topline growth at its casinos.
The casino and resorts company posted a net profit of $382 million, or 50 cents a share, compared with a loss of $169 million, or 21 cents a share, for the same period last year. Analysts polled by FactSet had forecast a net profit of $494.9 million, or 59 cents a share.
Stripping out one-time items, earnings per share came in at 57 cents.
Revenue jumped 161% to $2.92 billion, beating analysts expectations of $2.89 billion, according to FactSet.
The company saw casino revenue of $2.11 billion, up from $654 million, and room revenue of $323 million, up from $154 million last year.
Las Vegas Sands' results reflect continuing improvement in the operating environment in both Macao and Singapore, chief executive officer Robert Goldstein said.
"We remain deeply enthusiastic about our opportunities for growth in both Macao and Singapore in the years ahead," Goldstein added.
