Live Nation Entertainment Shares Are On The Rise Today: Here's What's Going On

Shares of Live Nation Entertainment Inc. (NYSE:LYV) are trading higher Tuesday after the company posted third-quarter financial results. Multiple analysts also raised price targets following the print. Here’s what you need to know.

What To Know: Live Nation reported revenue of $7.65 billion for the third quarter, slightly below analyst estimates of $7.77 billion. The company posted earnings per share of $1.66, in line with expectations, according to Benzinga Pro.

Live Nation’s operating income was $640 million. Adjusted operating income totaled $910 million, up 39% year-over-year. The company also noted its highest-ever concert profitability this quarter.

Live Nation ...