Salem Communications (SALM) Tops Q3 EPS by 1c, Posts Q4 Sales Guidance
Salem Communications (NASDAQ: SALM) reported Q3 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $54.9 million versus the consensus estimate of $53.77 million.
For the fourth quarter of 2011, Salem is projecting total revenue to increase 2% to 4% over fourth quarter 2010 total revenue of $54.1 million. The Street is currently forecasting sales of $55.69 million.
For the fourth quarter of 2011, Salem is projecting total revenue to increase 2% to 4% over fourth quarter 2010 total revenue of $54.1 million. The Street is currently forecasting sales of $55.69 million.