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Earnings roundup: Harrah's Entertainment, Live Nation



By AP
09 May 2008 @ 06:32 pm EST

Among the earnings stories for Friday, May 9, from AP Financial News:

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LYV 15.65 0.07
AWR 38.08 -1.17
GHS 0.55 -0.02

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LAS VEGAS (AP) -Casino operator Harrah's Entertainment Inc. reported Friday it swung to a first-quarter loss, citing costs associated with a deal to take it private and "challenging economic conditions."

LOS ANGELES (AP) -Live Nation Inc.'s stock fell Friday as its first-quarter loss narrowed but missed analysts' estimates.

NEW YORK (AP) -An analyst kept a top rating on American States Water Co. Friday after the water and electric utility posted first-quarter revenue above Wall Street's expectations even as profit slipped 24 percent.

FAIRPORT, N.Y. (AP) -Newspaper publisher GateHouse Media Inc. said Friday that its first-quarter loss widened as rising costs and expenses overshadowed increases in advertising and circulation revenues.

NEW YORK (AP) -Shares of Allied World Assurance rose sharply Friday, a day after the insurer said first-quarter earnings rose 15 percent.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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