Live Nation Inc. Reveals Advance In Q2 Bottom Line

(RTTNews) - Live Nation Inc. (LYV) revealed a profit for its second quarter that advanced from last year.

The company's earnings totaled $103.36 million, or $0.41 per share. This compares with $69.36 million, or $0.24 per share, in last year's second quarter.

Analysts had expected the company to earn $0.40 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.1% to $3.16 billion from $2.87 billion last year.

Live Nation Inc. earnings at a glance:

-Earnings (Q2): $103.36 Mln. vs. $69.36 Mln. last year. -EPS (Q2): $0.41 vs. $0.24 last year. -Analysts Estimate: $0.40 -Revenue (Q2): $3.16 Bln vs. $2.87 Bln last year.