Las Vegas Sands and Churchill Downs post Q2 results as gaming stocks diverge
Gaming stocks had mixed weekly performances during the Q2 earnings period, according to the report. Las Vegas Sands gained 7.7% after reporting revenue of $3.18 billion and net income of $461 million, while Churchill Downs rose 7.6% after reporting $934.4 million in revenue and earnings per share of $2.99. Churchill Downs also announced a $500 million share buyback.
The reported results and buyback provide investors with company-specific financial and capital-return information.