WASHINGTON (dpa-AFX) - Las Vegas Sands Corp. (LVS) reported that its fourth-quarter GAAP net income attributable to common stockholders increased 17.2% to $320.1 million, from $273.0 million in the fourth quarter of 2010, while earnings per share in the fourth quarter of 2011 increased 14.7% to $0.39, compared to $0.34 in the prior year quarter. The improvement in net income attributable to common stockholders reflects the increase in operating income, partially offset by increases in net income attributable to noncontrolling interests (primarily Sands China Ltd.), and preferred stock inducement, repurchase and redemption premiums. Adjusted net income increased to $460.9 million, or $0.57 per share, compared to $340.1 million, or $0.42 per share, in the fourth quarter of 2010. Net revenue for the fourth quarter of 2011 was $2.54 billion, an increase of 26.3% compared to $2.02 billion in the fourth quarter of 2010. Analysts polled by Thomson Reuters expected the company to report earnings of $0.57 per share on revenues of $2.47 billion for the quarter. Analysts' estimates typically exclude special items.
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