Salem Media Group (SALM) Tops Q2 EPS by 10c

Salem Media Group (NASDAQ: SALM) reported Q2 EPS of $0.14, $0.10 better than the analyst estimate of $0.04. Revenue for the quarter came in at $67.3 million versus the consensus estimate of $66.35 million.

Third Quarter 2015 Outlook

For the third quarter of 2015, the company is projecting total revenue to decrease 3% to 5% over third quarter 2014 total revenue of $69.6 million. The third quarter of 2014 was benefited by both political revenue and the sales of two bestselling books. 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 decline between 1% and 4% compared to the third quarter of 2014 operating expenses of $55.2 million.

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

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