Shares of Endeavor Group Holdings Inc. EDR, Ari Emanuel’s streaming, sports and entertainment giant, fell after hours on Tuesday after the company’s full-year sales forecast came up just short of expectations. Endeavor forecast full-year revenue of $5.665 billion to $5.815 billion, compared with FactSet forecasts for $5.895 billion. Shares fell 1% after hours.
EDR , Ari Emanuel’s streaming, sports and entertainment giant, fell after hours on Tuesday after the company’s full-year sales forecast came up just short of expectations. Endeavor forecast full-year revenue of $5.665 billion to $5.815 billion, compared with FactSet forecasts for $5.895 billion. Shares fell 1% after hours. But the company said it expected to launch an “event-driven” share buyback of up to $300 million and planned to begin making quarterly cash dividend payments.