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Live Nation Inc. Reveals Drop In Q2 Bottom Line

Live Nation Inc. (LYV) reported earnings for second quarter that declined from the same period last year.

The company's bottom line came in at $69.36 million, or $0.24 per share. This compares with $81.48 million, or $0.29 per share, in last year's second quarter.

Analysts had expected the company to earn $0.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.1% to $2.87 billion from $2.68 billion last year.

Live Nation Inc. earnings at a glance:

-Earnings (Q2): $69.36 Mln. vs. $81.48 Mln. last year.
-EPS (Q2): $0.24 vs. $0.29 last year.
-Analysts Estimate: $0.19
-Revenue (Q2): $2.87 Bln vs. $2.68 Bln last year.

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