Live Nation Entertainment shares rallied in the extended session Wednesday after the Ticketmaster parent topped Wall Street estimates for the quarter. Live Nation shares surged 6.7% to $40 after hours. The company reported second-quarter net income of $81.5 million, or 29 cents a share, compared to $37.7 million, or 13 cents a share, in the year-ago period. Revenue rose to $2.82 billion from $2.18 billion in the year-ago period. Analysts surveyed by FactSet had estimated 19 cents a share on revenue of $2.37 billion.
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