BEVERLY HILLS, Calif. (AP) — BEVERLY HILLS, Calif. (AP) — Live Nation Entertainment Inc. (LYV) on Thursday reported a loss of $247.2 million in its fourth quarter.
On a per-share basis, the Beverly Hills, California-based company said it had a loss of $1.06.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $1.08 per share.
The ticket seller and concert promoter posted revenue of $6.31 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $6.07 billion.
For the year, the company reported a loss of $54.8 million, or 24 cents per share. Revenue was reported as $25.2 billion.
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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