NEW YORK (TheStreet) -- Live Nation Entertainment
(LYV - Get Report) shares are down -0.5% to $23.21 in after-hours trading on Thursday after reporting earnings of 11 cents per diluted share, 19 cents less than they reported a year ago, and 4 cents short of analysts' expectations.
The concert and entertainment company reported second quarter revenue of $1.66 billion, slightly ahead of analysts' forecast of $1.6 billion.
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TheStreet Ratings team rates LIVE NATION ENTERTAINMENT as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:"We rate LIVE NATION ENTERTAINMENT (LYV) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."
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