Salem Media Group (NASDAQ: SALM) reported Q1 EPS of $0.02, $0.03 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $61.9 million versus the consensus estimate of $61.06 million.

Second Quarter 2015 Outlook

For the second quarter of 2015, the company is projecting total revenue to decrease 2% to 4% over second quarter 2014 total revenue of $68.6 million. The second quarter of 2014 was benefited by both political revenue and the sales of two bestselling books. Excluding the impact of these items, the company would be projecting total revenue to be between flat and down 2%. The company is also projecting operating expenses before gains or losses on the disposal of assets, impairment losses, depreciation, amortization and stock-based compensation expense to be between flat and up 3% compared to the second quarter of 2014 operating expenses of $55.5 million.

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