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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