Why Live Nation Entertainment Stock Jumped 7% Today
Live Nation Entertainment (NYSE: LYV) earned an encore on Wednesday. The Ticketmaster parent technically posted a mixed earnings report, hampered by a large legal expense. Investors applauded the results anyway, as management expects stronger profits in the upcoming quarters.
The stock closed Wednesday's trading at a 6.7% gain. It reached a peak of 8% near noon ET.
Q1 revenues rose 12% year-over-year to $3.8 billion. The analyst community had expected roughly $3.6 billion.
Source Fool.com
