Entravision Communication (EVC) Misses Q1 EPS by 1c

Entravision Communication (NYSE: EVC) reported Q1 EPS of $0.02, $0.01 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $58.1 million versus the consensus estimate of $57.46 million.

Commenting on the Company's earnings results, Walter F. Ulloa, Chairman and Chief Executive Officer, said, "During the first quarter, we achieved revenue growth in our radio and digital media segments, as well as an increase in core television advertising revenue (excluding retransmission consent revenue and political advertising revenue). Nonetheless, our improved core television advertising revenue performance was offset by the loss of non-advertising revenue associated with a telecommunications operator. As a result, net revenue was lower in the quarter. We also continued to build our digital footprint through Pulpo Media, which provides us with an integrated platform to allow advertisers and marketers to connect with Latino audiences. Looking ahead, we remain well positioned to build on our success in attracting Latino audiences, expanding our advertiser base and monetizing our reach to the benefit of our shareholders."

For earnings history and earnings-related data on Entravision Communication (EVC) click here.

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