WASHINGTON (dpa-AFX) - Live Nation Inc. (LYV) released Loss for its first
quarter that increased from last year and missed the Street estimates.
The company's bottom line came in at -$46.73 million, or -$0.53 per share. This
compares with -$3.17 million, or -$0.25 per share, in last year's first quarter.
Analysts on average had expected the company to earn -$0.19 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 21.4% to $3.80 billion from $3.13
billion last year.
Live Nation Inc. earnings at a glance (GAAP) :
-Earnings (Q1): -$46.73 Mln. vs. -$3.17 Mln. last year.
-EPS (Q1): -$0.53 vs. -$0.25 last year.
-Revenue (Q1): $3.80 Bln vs. $3.13 Bln last year.
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