Emmis Communications (EMMS) Reports Q3 EPS of $0.05 on Revenues of $28.7M

Emmis Communications (NASDAQ: EMMS) reported Q3 EPS of $0.05, versus ($0.02) reported last year. Revenue for the quarter came in at $28.7 million, versus $34 million reported last year.

"With this quarter\'s strong performance, Emmis is now outperforming its markets through the first nine months of this fiscal year– quite an achievement," said Emmis Chairman and CEO Jeff Smulyan. "Political revenues certainly helped, but we also saw growth in our core advertising categories, all of which contributed to Emmis having its strongest quarter in four years. New York and Indianapolis both outperformed their markets and continue to produce strong ratings, which should help sustain Emmis' revenue growth. That certainly appears to be the case in January and February, where both months are pacing up mid-to-high single digits."

For earnings history and earnings-related data on Emmis Communications (EMMS) click here.

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