Live Nation Entertainment (LYV) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.05. The company posted revenue of $2179.30 million in the period, compared to analysts expectations of $1878.33 million. The company’s revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 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 closed down -0.27 points or -1.04% at $25.74 with 15,00,110 shares getting traded on Thursday. Post opening the session at $25.9, the shares hit an intraday low of $25.73 and an intraday high of $26.07 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jun 15, 2016, Robert Ted Iii Enloe (director) sold 5,363 shares at $23.54 per share price. According to the SEC, on Nov 12, 2015, Jeffrey T. Hinson (director) sold 10,000 shares at $26.59 per share price. On Nov 4, 2015, Randall Thomas Mays (director) sold 50,000 shares at $27.00 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.