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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.

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