Shares of Endeavor Group Holdings Inc. were up 1% in extended trading Monday after the company reported fiscal third-quarter results. Endeavor reported net income of $63.6 million, or 16 cents a share, vs. a net loss of $21.8 million in the same quarter a year ago. Revenue climbed 61% to $1.39 billion from $864.5 million a year ago. Analysts surveyed by FactSet had expected net income of 12 cents a share on revenue of $1.32 billion. Endeavor’s stock is up slightly since its IPO in April, while the broader S&P 500 index has gained 24.7%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
