Shares of Live Nation Entertainment (LYV) are moving higher as the company posted its fourth-quarter earnings, revealing revenue that surged 36% from the previous year, citing record ticket sales and concert attendance. Booking Holdings (BKNG) shares are falling despite posting better-than-expected revenue in its quarterly earnings. The company also announced it would initiate a quarterly cash dividend of $8.75 per share. Barclays analysts upgraded DraftKings stock (DKNG) from Equal Weight to Overweight, also raising their price target to $50 per share. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Shares of Booking Holdings (BKNG) are sliding in after-hours trading on Thursday. The company posted its fourth-quarter earnings which beat Wall Street expectations on both the top and the bottom line, with gross travel bookings also beating expectations, but comments from the CEO over the continued conflict in the Middle East affecting booking may have had an impact on the price of the stock. Live Nation Entertainment (LYV) posted a fourth-quarter earnings beat, exceeding Wall Street expectations on revenue by more than $1 billion. In addition, the company reported all-time highs for concert attendance and ticket sales. Shares of Carvana (CVNA) are up just under 20% after Thursday's market close as the company posted its fourth-quarter earnings results, missing out on revenue expectations but reporting better-than-expected EBITA (earnings before interest, taxes, depreciation, and amortization. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Nvidia’s valuation surpasses $2 trillion during Friday’s session, Carvana rallies on upbeat sales guidance, and Block’s quarterly gross profit jumps 22%.