Live Nation misses quarterly profit estimates, shares fall

Ticketmaster-parent Live Nation Entertainment missed analysts' estimates for second-quarter profit on Tuesday, hurt by higher operating expenses, sending its...

- Ticketmaster-parent Live Nation Entertainment missed analysts' estimates for second-quarter profit on Tuesday, hurt by higher operating expenses , sending its shares down more than 3% in extended trading.

Meanwhile, Live Nation continues to be under tight scrutiny in the United States, where the Justice Department has filed a lawsuit seeking to break up entertainment industry giant and its Ticketmaster unit.Operating expenses for the June quarter rose to $4.41 billion, up from $4.16 billion, a year earlier.

The Dodgers also traded with the Blue Jays for center fielder Kevin Kiermaier, as Los Angeles continues to add help for Shohei Ohtani.The Baltimore Orioles added a right-handed bat to their lineup, acquiring designated hitter Eloy Jimenez from the Chicago White Sox.

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