Live Nation Entertainment Q1 2024 GAAP EPS $(0.53) Misses $(0.18) Estimate, Sales $3.800B Beat $3.259B Estimate
Portfolio Pulse from Benzinga Newsdesk
Live Nation Entertainment (LYV) reported Q1 2024 earnings with a GAAP EPS of $(0.53), missing the $(0.18) estimate by 194.44%, but sales of $3.800B exceeded the $3.259B estimate by 16.59%, marking a 21.49% increase from last year.
May 02, 2024 | 8:11 pm
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Live Nation Entertainment's Q1 2024 earnings missed EPS estimates significantly but surpassed sales forecasts, indicating mixed financial health.
The significant miss in EPS estimates could concern investors about profitability, while the sales beat suggests strong revenue growth. This mixed result may lead to short-term market uncertainty for LYV, balancing potential negative sentiment from the earnings miss with positive reactions to revenue growth.
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