Tag: fall

Las Vegas Sands (LVS) Q2 Earnings Miss Estimates, Fall Y/Y

Las Vegas Sands Corp. LVS reported dismal second-quarter 2020 results, wherein earnings and revenues not only missed the Zacks Consensus Estimate but also declined sharply on a year-over-year basis.  

Despite the dismal performance, the company is optimistic about future growth on a strong balance sheet. Also markets in Macao, Singapore and Las Vegas are in the initial stages of recovery amid the pandemic effect.

Earnings & Revenue Discussion

The company reported adjusted loss per share of $1.05, wider than the Zacks Consensus Estimate of a loss of 72 cents. In the prior-year quarter, the company reported adjusted earnings per share

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Daily Mirror and Daily Express publisher to cut 550 jobs as sales fall

Reach, which publishers titles including the Daily Mirror and Daily Express, has announced 550 job losses: Getty Images
Reach, which publishers titles including the Daily Mirror and Daily Express, has announced 550 job losses: Getty Images

The owner of the Daily Mirror, Daily Express and Daily Star newspapers is to axe 550 jobs amid falling print sales and advertising income.

Reach, which also publishes regional titles across the UK, announced on Tuesday it would reduce its workforce by 12 per cent in a bid to cut costs by £35m.

The group did not give details of where the job losses would fall but said it wanted to become a “streamlined, efficient organisation” with “more focused” editorial, advertising

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