BEVERLY HILLS, Calif. (AP) _ Live Nation Entertainment Inc. (LYV) on Tuesday reported a loss of $195.7 million in its second quarter.
On a per-share basis, the Beverly Hills, California-based company said it had a loss of 90 cents.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.35 per share.
The ticket seller and concert promoter posted revenue of $575.9 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $469.8 million.
Live Nation shares have climbed roughly 7% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $78.38, a rise of 68% 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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