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NEW YORK (TheStreet) -- Live Nation Entertainment (LYV) - Get Live Nation Entertainment Inc. Report  reported strong third quarter fiscal 2015 earnings results that topped analysts' estimates. 

Based in Beverly Hills, Live Nation Entertainment operates as a live entertainment company. The company operates through concerts, ticketing, artist nation, and sponsorship and advertising segments.

For the latest quarter, the company earned 44 cents a share, a cent higher than analysts' estimates.

Revenue came in at $2.76 billion, beating analysts' estimates of $2.44 billion.

During the quarter, 24 million fans came to the company's shows, and over the first nine months of this year here were 48 million fans, higher by nearly 3 million fans from last year. 

In addition, the company said it is advertising on pace to deliver accelerated growth.

Shares of Live Nation Entertainment closed Thursday's trading session down 1.10% to $27.05.

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TheStreet Recommends

Separately, TheStreet Ratings team rates LIVE NATION ENTERTAINMENT as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate LIVE NATION ENTERTAINMENT (LYV) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

You can view the full analysis from the report here: LYV

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