Live Nation Entertainment Inc.(LYV) reported that its fourth-quarter adjusted operating income declined to $50.7 million from $56.8 million in the year ago quarter. Revenues for the quarter decreased to $1.19 billion from $1.24 billion in the same quarter last year.
The company announced that its fiscal 2011 net loss attributable to the company narrowed to $83.02 million or $0.46 per share, from $228.39 million or $1.39 per share for the prior year. Revenues for the year were $5.38 billion, up from $5.06 billion in last year.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.22 per share on revenues of $5.33 billion for fiscal 2011. Analysts' estimates typically exclude special items.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.