This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ahead Of The Bell: Ticketmaster 1Q Earnings

LOS ANGELES (AP) ¿ Ticketmaster Entertainment Inc. reports its first-quarter earnings on Tuesday. Its proposed merger partner, Live Nation Inc., said last week that advance sales for the summer concert season were up from a year ago.

Two analysts polled by Thomson Reuters expect first-quarter earnings of 17 cents per share on revenue of $346.6 million. Ticketmaster was spun off from IAC/InterActiveCorp in August.

Gabelli & Co. analyst Brett Harriss recently said Live Nation's outlook for flat ticket volumes in 2009 bodes well for Ticketmaster, especially in a recession.

"One of the big drags on the stock from a valuation perspective has been the fact that live entertainment is discretionary spending," he said. "So far, it seems that the consumer hasn't been willing to sacrifice his one or two live entertainment events a year."

Ticketmaster must clear regulatory hurdles before it can benefit from its merger with Live Nation. The companies said the deal to create Live Nation Entertainment would help them save about $40 million annually.

Ticketmaster and Live Nation expect the U.S. Justice Department to approve their merger by the second half of the year.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
GLU $18.56 0.00%
IACI $67.16 0.00%
LYV $25.31 0.00%
AAPL $124.25 0.00%
FB $81.66 0.00%


DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs