UPDATE: Live Nation Entertainment Q4 Adjusted EPS $(1.22) Misses $(1.03) Estimate, Sales $5.84B Beat $4.77B Estimate
Portfolio Pulse from Happy Mohamed
Live Nation Entertainment (LYV) reported Q4 earnings with losses of $(1.22) per share, missing the $(1.03) estimate, but sales of $5.84B exceeded the $4.77B estimate. This represents an 18.45% miss on EPS and a 22.41% beat on sales, compared to the same period last year.
February 22, 2024 | 10:22 pm
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NEUTRAL IMPACT
Live Nation Entertainment reported a larger than expected quarterly loss but exceeded sales forecasts.
The mixed results with a miss on EPS but a beat on sales forecasts could lead to neutral short-term stock price movement. Investors might be concerned about the higher losses but optimistic about the significant sales growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100