With a market cap of $26.4 billion, Beverly Hills, California-based Live Nation Entertainment, Inc. (LYV) is a leader in the live entertainment industry. Operating globally through Concerts, Ticketing, and Sponsorship & Advertising segments, it manages venues, promotes events, and offers comprehensive ticketing services. The company is expected to release its fiscal Q3 earnings results on Thursday, Nov. 7.
Ahead of this event, analysts project the Ticketmaster-parent to report a profit of $1.60 per share, reflecting a decrease of 10.1% from $1.78 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in two of the past four quarters while missing on two other occasions. LYV reported EPS of $1.03 in Q2, exceeding the consensus estimate by 5.1%.
