Live Nation Entertainment Inc. (LYV) on Monday reported second-quarter profit of $15.1 million.
On a per-share basis, the Beverly Hills, California-based company said it had net income of 6 cents.
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The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 6 cents per share.
The ticket seller and concert promoter posted revenue of $1.77 billion in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $1.72 billion.
Live Nation shares have decreased slightly more than 1 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $25.76, a rise of 22 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LYV at http://www.zacks.com/ap/LYV
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