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Booking Holdings, Live Nation, Carvana: After-Hour Movers

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.

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Editor's note: This article was written by Nicholas Jacobino

Video transcript

[MUSIC PLAYING]

JULIE HYMAN: Let's take a look at what's trending after hours. We've got Booking Holdings topping Wall Street estimates on the top and bottom lines in the fourth quarter. Gross travel bookings also coming in above expectations. But CEO Glenn Foegele saying the company is confident in the long-term growth of leisure travel, initiating a dividend as well, $8.75 a share. But the shares are down by 5%.

He also made some comments about the continued conflict in Israel and the effect that that is having on the company's business. And that appears to be what is pressuring the shares in the after hours.

Let's also take a look at shares of Live Nation. Those shares down 1% even after the company posted record revenue in the fourth quarter. Live Nation calling 2023 its biggest year ever. Concert attendance and ticket sales hit all-time . Highs spending per fan rose double digits across all major venue types. Still, it's not all smooth sailing ahead in the new year. Company still facing scrutiny from lawmakers and ticket holders after its Taylor Swift ticket buying snag and an ongoing Justice Department investigation into business practices. The shares little changed year-to-date.

Meantime, shares of Carvana, those shares are up 20% as losses are narrowing. Carvana missed revenue estimates for the fourth quarter but delivered better than expected adjusted EBITDA. This comes amid the company's focused on efficiency and profitability. And looking ahead to the first quarter, Carvana says it expects adjusted EBITDA significantly above $100 million.