BEVERLY HILLS, Calif. (AP) — BEVERLY HILLS, Calif. (AP) — Live Nation Entertainment Inc. (LYV) on Thursday reported a loss of $46.7 million in its first quarter.
On a per-share basis, the Beverly Hills, California-based company said it had a loss of 53 cents.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The ticket seller and concert promoter posted revenue of $3.8 billion in the period, topping Street forecasts. Eight analysts surveyed by Zacks expected $3.29 billion.
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