Monday, July 15, 2024

Live Nation, Moderna, Booking Holdings, and more


An illustration of the Live Nation Entertainment logo appears on a smartphone and computer screen.

SOPA photos | Getty Images

Check out which companies are making the headlines at midday Thursday.

living nation Live event producer shares rose more than 6% after the company reported better-than-expected quarterly revenue. Live Nation also said 45 million tickets have been sold for the 2022 events, even as ticket prices have skyrocketed.

Moderna Shares of the vaccine maker jumped nearly 11% on Thursday After Moderna announced better-than-expected results for the fourth quarter. The biotech company earned adjusted $11.29 per share on $7.2 billion in revenue. Analysts polled by Refinitiv expected $9.90 in earnings per share on $6.78 billion in revenue. The company’s CEO told CNBC that he believes people will need another booster dose of Covid in the fall.

Jeanette – Shares of the publisher USA Today fell 10.2% after posting a larger-than-expected quarterly loss. Its revenue for the fourth quarter came in below expectations. Janet also said she expects revenue to decline this year.

Ali Baba — The Chinese e-commerce giant fell nearly 5% after it reported its slowest-ever quarterly revenue growth since it went public in 2014. Alibaba’s quarterly revenue fell short of analyst expectations as competition intensified. However, its quarterly earnings beat Wall Street expectations.

Quanta Services – Shares of Quanta Services rose 9.7% at midday after the company reported stronger-than-expected quarterly earnings. The company reported earnings per share 14 cents above estimates of $1.54 per share, according to Refinitiv.

Norwegian Cruise Line – The cruise line operator’s stock fell 5.2% after the company reported a larger-than-expected quarterly loss. Norway’s quarterly revenue came in below estimates as well.

See also  Dow futures: stock market rally dips; Apple "Monster" in the purchase area

Papa John’s Pizza – Shares of the pizza restaurant chain fell 2% amid a broad sell-off in the market, which overshadowed its earnings and better-than-expected revenue in the last quarter of the year. However, Papa John’s did not provide the 2022 guidance due to doubts about the ongoing pandemic.

Reservation collectibles Shares of Booking Holdings fell more than 9% after the company warned that there will be periods this year when the pandemic will negatively affect travel demand. Its warning came as Booking Holdings reported adjusted quarterly earnings of $15.83 per share, well above the consensus estimate of $13.64, according to Refinitiv. Its revenue also beat Wall Street expectations.

CNBC’s Jesse Pound and Maggie Fitzgerald contributed reporting.

Rosario Tejeda
Rosario Tejeda
"Infuriatingly humble analyst. Bacon maven. Proud food specialist. Certified reader. Avid writer. Zombie advocate. Incurable problem solver."