Live Nation Entertainment Inc reports results for the quarter ended June 30 - Earnings Summary

• Live Nation Entertainment Inc LYV.N reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.03. The mean expectation of eighteen analysts for the quarter was for earnings of $1.02 per share. Wall Street expected results to range from 70 cents to $1.28 per share.

• Revenue rose 16.3% to $7.01 billion from a year ago; analysts expected $6.84 billion.

• Live Nation Entertainment Inc's reported EPS for the quarter was 41 cents​.

• The company reported quarterly net income of $95.61 million.

• Live Nation Entertainment Inc shares had fallen by 1.3% this quarter and gained 15.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.1% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the entertainment production peer group is also "buy"

• Wall Street's median 12-month price target for Live Nation Entertainment Inc is $169.00, about 12.3% above its last closing price of $148.27

This summary was machine generated from LSEG data August 8 at 03:15 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)