Salem Communications Corp. (SALM) Misses Q2 EPS by 6c, Posts Q3 Sales Guidance
Salem Communications Corp. (NASDAQ: SALM) reported Q2 EPS of $0.03, $0.06 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $56.1 million versus the consensus estimate of $56.17 million.
For the third quarter of 2011, Salem is projecting total revenue to increase 4% to 6% over third quarter 2010 total revenue of $51.4 million.
For the third quarter of 2011, Salem is projecting total revenue to increase 4% to 6% over third quarter 2010 total revenue of $51.4 million.