Cumulus Media (CMLS) Tops Q1 EPS by 3c

Cumulus Media (NASDAQ: CMLS) reported Q1 EPS of ($0.06), $0.03 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $268.53 million versus the consensus estimate of $262.01 million.

“We are in the early stages of a multi-year turnaround,” said Mary Berner Chief Executive Officer of Cumulus Media Inc. “Our first quarter results and second quarter pacings are consistent with the considerable challenges we must overcome. However, we are seeing some signs of progress in each of our turnaround initiatives - enhancing operational blocking and tackling, instituting a strong and positive culture, and driving improved ratings.”

For earnings history and earnings-related data on Cumulus Media (CMLS) click here.

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