BEVERLY HILLS, Calif. (AP) _ Live Nation Entertainment Inc. (LYV) on Thursday reported a third-quarter loss of $528.9 million, after reporting a profit in the same period a year earlier.
The Beverly Hills, California-based company said it had a loss of $2.45 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $2.12 per share.
The ticket seller and concert promoter posted revenue of $184 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $220.7 million.
Live Nation shares have dropped 21% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $56.43, a drop of nearly 9% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LYV at https://www.zacks.com/ap/LYV
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