Entercom Communications (ETM) Tops Q2 EPS by 3c
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Entercom Communications Corp. Reports Second Quarter Results
July 27, 2016 8:25 AM EDTFree Cash Flow Increased 47%
BALA CYNWYD, Pa.--(BUSINESS WIRE)-- Entercom Communications (NYSE: ETM) today reported financial results for the quarter ended June 30, 2016.
Second Quarter Highlights
Net revenues for the quarter increased 20% to $120.5 million Station expenses increased 18% to $82.3 million Station operating income increased 23% to $38.2 million Adjusted EBITDA increased 21% to $30.9 million Adjusted net income per share increased 27% to $0.28 Free cash flow... More