Salem Communications (SALM) Misses Q1 EPS by 3c; Updates Q2

Salem Communications (NASDAQ: SALM) reported Q1 EPS of $0.03, $0.03 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $54.3 million versus the consensus estimate of $54.4 million.

For the second quarter of 2012, Salem is projecting total revenue to increase 1% to 3% over second quarter 2011 total revenue of $55.4 million. Salem is also projecting operating expenses before gain or loss on disposal of assets, terminated transaction costs and abandoned license upgrades and impairments to increase 2% to 5% as compared to the second quarter of 2011 operating expenses of $45.4 million.

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

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