(RTTNews) – Live Nation Entertainment Inc. (LYV) announced a profit for third quarter that Dropped, from the same period last year and missed the Street estimates.
The company’s bottom line came in at $431.45 million, or $0.73 per share. This compares with $451.80 million, or $1.66 per share, last year.
Analysts on average had expected the company to earn $1.49 per share. Analysts’ estimates typically exclude special items.
The company’s revenue for the period rose 11.0% to $8.49 billion from $7.65 billion last year.
Live Nation Entertainment Inc. earnings at a glance (GAAP) :
-Earnings: $431.45 Mln. vs. $451.80 Mln. last year.
-EPS: $0.73 vs. $1.66 last year.
-Revenue: $8.49 Bln vs. $7.65 Bln last year.
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