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Live Nation Inc. Q1 Loss decreases, beats estimates

Live Nation Inc. (LYV) announced Loss for first quarter that decreased from last year and beat the Street estimates.

The company's bottom line totaled -$50.18 million, or -$0.39 per share. This compares with -$307.19 million, or -$1.44 per share, in last year's first quarter.

Analysts on average had expected the company to earn -$0.79 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 520.7% to $1.80 billion from $0.29 billion last year.

Live Nation Inc. earnings at a glance (GAAP) :

-Earnings (Q1): -$50.18 Mln. vs. -$307.19 Mln. last year.
-EPS (Q1): -$0.39 vs. -$1.44 last year.
-Analyst Estimates: -$0.79
-Revenue (Q1): $1.80 Bln vs. $0.29 Bln last year.

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