UPDATE: Salem Media Group (SALM) Reports Q4 EPS of $0.20, Offers Q1 Outlook

Salem Media Group (NASDAQ: SALM) reported Q4 EPS of $0.20, versus $0.00 reported last year. Revenue for the quarter came in at $69.1 million, versus $65.9 million reported last year.

For the first quarter of 2016, we are projecting total revenue to increase 3% to 5% over first quarter 2015 total revenue of $61.9 million. We are also projecting operating expenses before gains or losses on the disposal of assets, impairment losses, depreciation, amortization and stock-based compensation expense to increase between 4% and 7% compared to the first quarter of 2015 operating expenses of $51.1 million. These numbers are impacted by the results of the twelve radio stations acquired during 2015 that we reformatted. Excluding the performance of these stations, we would be projecting revenue growth of 2% to 4% and expense growth of 2% to 5%.

For earnings history and earnings-related data on Salem Media Group (SALM) click here.

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