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Stock Market & Financial Investment News

News Breaks
February 13, 2014
08:02 EDTSFXESFX Entertainment acquires 50% of Rock in Rio
SFX Entertainment has completed its previously announced acquisition of a 50-percent interest in a holding company that controls Rock in Rio, one of the biggest festival franchises in the world. SFX paid R$150.0M, or approximately $ 62.3M, as of the closing date.
News For SFXE From The Last 14 Days
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May 12, 2015
06:39 EDTSFXESFX Entertainment cuts FY15 revenue to $500M from excess of $500M
FY15 revenue consensus of $493.7M. Cuts FY15 pro forma adjusted EBITDA to $55M-$65M from $60M-$70M. The adjustment to the revenue guidance is inclusive of the anticipated impact of foreign exchange as a significant portion of the Company’s operations occur internationally. The adjustment to the pro forma adjusted EBITDA expectation reflects the Company’s share of the expected losses related to the start-up costs for Rock in Rio Las Vegas, which is expected to be approximately $4M-$5M.
06:39 EDTSFXESFX Entertainment reports Q1 EPS (46c), consensus (33c)
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