Entercom Communications (ETM) Tops Q3 EPS by 3c
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Entercom Communications Corp. Reports Third Quarter Results
November 7, 2016 8:30 AM ESTRevenue Increased 5% and Adjusted EBITDA Increased 8%
BALA CYNWYD, Pa.--(BUSINESS WIRE)-- Entercom Communications (NYSE: ETM) today reported financial results for the quarter ended September 30, 2016 and announced a quarterly dividend payable December 15, 2016.
Third Quarter Highlights
Net revenues for the quarter increased 5% to $120.5 million Station expenses increased 2% to $82.5 million Station operating income increased 12% to $37.9 million Adjusted EBITDA increased 8% to $30.4 million Adjusted net income per share... More