Entercom Communications (ETM) Tops Q1 View; Cuts Qtr. Dividend from $0.38 to $0.10
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- Entercom Communications (ETM) Tops Q1 View; Cuts Qtr. Dividend from $0.38 to $0.10
- Entercom Communications Corp. Reports First Quarter Results
Entercom Communications Corp. (NYSE: ETM) reports Q1 EPS of $0.13, versus the analyst estimate of $0.06. Revenues for the quarter were $95.4 million, versus the consensus of $94.90 million.
Cuts quarter dividend from $0.38 to $0.10 per common share. The yield goes from about 17% to about 4%. The dividend will be payable on June 27 to shareholders of record on June 13.
Entercom Communications Corp., a radio broadcasting company, engages in the acquisition, development, and operation of radio stations in the United States. [BCS]
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