Live Nation Entertainment Reports Wider Q1, Misses Street View

Live Nation Entertainment on Thursday reported first-quarter net loss of $307.2 million or $1.44 per share, wider than net loss of $184.8 million or $0.94 per share in the year-ago quarter.

On average, 10 analysts polled by Thomson Reuters expected the company to report loss of $1.55 per share in the quarter. Analysts' estimates usually include one-time items.

During the three-month period, revenues dropped 79 percent to $290.6 million from $1.37 billion in the previous year.

Analysts had a consensus revenue estimate of $291.8 million in the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
After Disney World, retail giant Walmart Inc. (WMT) makes it mandatory for all its employees to wear mask on their facilities in the "high-risk" states where the Delta variant of Coronavirus has become menacing. The orders will be in effect immediately. The Center for Disease Control and Prevention... Generac Power Systems is recalling 325,735 units of Generac and DR 6500 Watt and 8000 Watt portable generators for potential risk of finger amputation and crushing hazards, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. These include 4,575 units sold in Canada. Omaha, Nebraska- based Greater Omaha Packing is recalling around 295,236 pounds of raw beef products citing the possible presence of E. coli O157:H7, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS said. The raw beef products intended for non-intact use were produced on July 13.
Follow RTT