Live Nation, Moderna, Booking Holdings and more – Reuters

Check out the companies making headlines Thursday at noon.

Live Nation – Shares of the live event producer 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 increased significantly.

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

Gannett – Shares of publisher USA Today fell 10.2% after posting a bigger-than-expected quarterly loss. Its turnover for the last quarter is below expectations. Gannett also said he expects revenue to decline this year.

Alibaba – The Chinese e-commerce giant fell nearly 5% after reporting its weakest quarterly revenue growth since its IPO in 2014. Alibaba’s quarterly revenue fell below analysts’ forecasts as competition was intensifying. However, its quarterly earnings beat Wall Street expectations.

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

Norwegian Cruise Line – The cruise operator’s shares fell 5.2% after the company reported a bigger-than-expected quarterly loss. Norwegian’s quarterly earnings also missed estimates.

Papa John’s Pizza – The pizza chain’s shares fell 2% amid a market sell-off that eclipsed its better-than-expected earnings and revenue for its latest quarter. Papa John’s, however, did not provide a forecast for 2022 due to uncertainties related to the ongoing pandemic.

Booking Holdings – Shares of Booking Holdings fell more than 9% after the company warned there will be times this year when the pandemic will negatively impact travel demand. His 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 earnings are also beating Wall Street forecasts.

– CNBC’s Jesse Pound and Maggie Fitzgerald contributed reporting.

We would love to give thanks to the writer of this short article for this awesome content

Live Nation, Moderna, Booking Holdings and more – Reuters