Live Nation Inc. Earnings Advance 23% In Q3

(RTTNews) - Live Nation Inc. (LYV) announced a profit for its third quarter that gained ground compared to the same period last year.

The company said its bottom line advanced to $136.40 million, or $0.53 per share. This was higher than $111.08 million, or $0.49 per share, in last year's third quarter.

Analysts had expected the company to earn $0.59 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 12.3% to $3.56 billion. This was up from $3.17 billion last year.

Live Nation Inc. earnings at a glance:

-Earnings (Q3): $136.40 Mln. vs. $111.08 Mln. last year. -Earnings Growth (Y-o-Y): 22.8% -EPS (Q3): $0.53 vs. $0.49 last year. -EPS Growth (Y-o-Y): 8.2% -Analysts Estimate: $0.59 -Revenue (Q3): $3.56 Bln vs. $3.17 Bln last year. -Revenue Change (Y-o-Y): 12.3%