BEVERLY HILLS, Calif. (AP) — BEVERLY HILLS, Calif. (AP) — Live Nation Entertainment Inc. (LYV) on Thursday reported a loss of $3.2 million in its first quarter.
On a per-share basis, the Beverly Hills, California-based company said it had a loss of 25 cents.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 45 cents per share.
The ticket seller and concert promoter posted revenue of $3.13 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $2.24 billion.
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