Entercom Communications Corp. Reports Second Quarter Results
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Entercom Communications (ETM) Misses Q2 EPS by 1c, Revenues Miss; 'Improving Revenue Outlook'
August 8, 2018 8:02 AM EDTEntercom Communications (NYSE: ETM) reported Q2 EPS of $0.24, $0.01 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $372.1 million versus the consensus estimate of $379.87 million.
Net revenues for the quarter were $372.1 million, compared to $125.0 million in the second quarter of 2017. On a same-station basis, net revenues for the quarter were $372.1 million compared to $405.7 million in the second quarter of 2017Operating income for the quarter was $27.6 million, after a non-cash impairment charge of $29 million that is primarily due to our pending... More