Saga Communications (SGA) Tops Q2 EPS by 7c
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Saga Communications, Inc. Reports 2nd Quarter 2023 Results
August 8, 2023 9:00 AM EDTGROSSE POINTE FARMS, Mich., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the Company or Saga) today reported that net revenue decreased 2.2% to $29.2 million for the quarter ended June 30, 2023 compared to $29.8 million for the same period last year. Station operating expense increased 2.9% for the quarter to $22.4 million compared to the same period last year. For the quarter, operating income was $4.3 million compared to $5.4 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 14.1% to $8.0 million. Capital expenditures were $1.3 million for the quarter compared to $2.6 million for the same period last year.... More
