Overview
- Shares rose about 18.7% for the week, setting a new all-time high of $58.29 before closing at $57.60 on Friday.
- Third-quarter adjusted earnings were $0.78 per share on revenue of $3.33 billion, surpassing forecasts for $0.62 on $3.05 billion.
- Singapore’s Marina Bay Sands delivered $743 million in adjusted EBITDA, topping the roughly $618 million analysts expected.
- The board declared a $0.25 dividend payable Nov. 12 to shareholders of record on Nov. 4.
- The company said it approved increasing next year’s annual dividend rate to $1.20, equal to $0.30 per quarter, as Stifel raised its price target to $68 with a Buy rating.