Revenue Update on Live Nation Entertainment(NYSE:LYV)

Live Nation Entertainment(NYSE:LYV) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $2.18B. Analysts estimated a revenue of $1.88B. Earnings per share were $0.13. Analysts had estimated an EPS of $0.08.

In a different note, On May 2, 2016, Northcoast Research said it Upgrades its rating on Live Nation Entertainment. The shares have been rated ‘Buy’ by the firm.

Live Nation Entertainment (LYV) shares turned negative on Thursdays trading session with the shares closing down -0.05 points or -0.19% at a volume of 9,42,565. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $26.74. The peak price level was also seen at $26.74 while the days lowest was $26.48. Finally the shares closed at $26.59. The 52-week high of the shares is $29.68 while the 52-week low is $18.77. According to the latest information available, the market cap of the company is $5,400 M.

Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Robert Ted Iii Enloe (director) sold 5,363 shares at $23.54 per share price.Also, 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.

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