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.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LYV at https://www.zacks.com/ap/LYV
Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.