COMPANY TOWN: EARNINGS ROUNDUP / LIVE NATION
Live Nation Inc., the largest U.S. operator of concert venues, said its first-quarter loss widened in part because fewer people attended concerts in its North American market.
Live Nation, which is planning to merge with Ticketmaster Entertainment Inc., reported a loss of $102.7 million, or $1.29 a share.
That compares with a loss of $37.2 million, or 50 cents, a year earlier when results were bolstered by 42 cents a share from the sale of some businesses.
Analysts polled by Thomson Reuters were expecting a loss of 74 cents.
The Beverly Hills company said revenue fell 6% to $499.3 million, below analyst expectations of $561.8 million.
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