logo
Share SHARE
FONT-SIZE Plus   Neg

Live Nation Entertainment FY11 Loss Narrows - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Chuck E. Cheese pizza and arcade chain's parent company is planning for an IPO, reported Reuters. The public offering would be probably in the second half of 2017. According to the report, the chain has initiated discussions with banks, however has not yet hired any underwriters. The offering would help the restaurant chain for a valuation of around $1 billion. The Federal Aviation Administration said that SkyPan International Inc. will pay a civil penalty of $200,000 for violating federal regulations by flying remote-controlled aircraft in congested airspace over New York and Chicago. This is the largest civil penalty issued by the FAA against a drone operator. Citigroup Inc. on Wednesday reported a 7 percent increase in profit for the fourth quarter from last year as lower revenues were more than offset by decreases in cost of credit as well as operating expenses. Adjusted earnings for the quarter beat analysts' expectations, while revenues missed their estimates.
comments powered by Disqus
Follow RTT