Live Nation Entertainment (LYV) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $-0.29 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $-0.28. The company posted revenue of $1207.70 million in the period, compared to analysts expectations of $1183.59 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.31 EPS.
Many Wall Street Analysts have commented on Live Nation Entertainment. Live Nation Entertainment was Upgraded by Northcoast to ” Buy” on May 2, 2016. Live Nation Entertainment was Initiated by BTIG Research to “Neutral” on Mar 29, 2016.
Live Nation Entertainment opened for trading at $21.97 and hit $22.33 on the upside on Monday, eventually ending the session at $21.9, with a gain of 1.96% or 0.42 points. The heightened volatility saw the trading volume jump to 12,93,869 shares. Company has a market cap of $4,434 M.
In a different news, on Nov 12, 2015, Jeffrey T. Hinson (director) sold 10,000 shares at $26.59 per share price. According to the SEC, on Nov 4, 2015, Randall Thomas Mays (director) sold 50,000 shares at $27.00 per share price. On Jun 11, 2015, Brian Capo (Chief Accounting Officer) sold 7,500 shares at $28.95 per share price, according to the Form-4 filing with the securities and exchange commission.
Live Nation Entertainment Inc. (Live Nation) is a live entertainment company. The Company core businesses consist of the promotion of live events including ticketing sponsorship and advertising and artist management. The Company operates through four segments: segments are Concerts Ticketing Artist Nation and Sponsorship & Advertising. It connects around 519 million fans across its platforms in 33 countries. The Company is a producer of live music concerts around the world that connects nearly 59 million fans to almost 23000 events for over 2700 artists. The Concerts segment is involved in the global promotion of live music events. The Ticketing segment is primarily an agency business that sells tickets for events. The Artist Nation segment is a provider of management services to music artists. The Sponsorship & Advertising segment through a sales force creates and maintains relationships with sponsors to allow businesses to reach customers.