BEVERLY HILLS, Calif. (AP) _ Endeavor Group Holdings Inc. (EDR) on Thursday reported second-quarter net income of $25.8 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Beverly Hills, California-based company said it had net income of 9 cents. Earnings, adjusted for non-recurring costs, came to 32 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The entertainment, sport and content company posted revenue of $1.31 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $1.18 billion.
Endeavor expects full-year revenue in the range of $5.24 billion to $5.48 billion.
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