NEW YORK (TheStreet) -- Las Vegas Sands Corp. (LVS) - Get Report shares are diving by 6.23% to $48.93 in after-hours trading on Wednesday, immediately following the release of the casino and resorts operator's 2016 first quarter earnings.

Earnings for the recent period came in at 45 cents per diluted share, missing Wall Street's expectations of 62 cents a share. A year ago, the company earned 66 cents a share.

Revenue fell by 9.8% to $2.72 billion, coming in below projections of $2.88 billion.

"The operating environment in Macao remained challenging during the quarter; but we do see signs of stabilization, particularly in the mass market," CEO Mr. Sheldon G. Adelson stated.

During the quarter, the company paid a quarterly dividend of 72 cents a share, a 10.8% increase from a year ago.

Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of B.

The company's strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles' author.

You can view the full analysis from the report here: LVS