Emmis Communications (EMMS) Reports Q1 EPS of $0.03

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Go back to Emmis Communications (EMMS) Reports Q1 EPS of $0.03

Emmis Announces First Quarter Earnings

July 9, 2015 6:00 AM EDT

INDIANAPOLIS, July 9, 2015 /PRNewswire/ -- Emmis Communications Corporation (NASDAQ: EMMS) today announced results for its first fiscal quarter ending May 31, 2015.

Emmis' radio net revenues for the first fiscal quarter were down 5.3%, from $45.0 million to $42.6 million. Per Miller Kaplan reporting, which excludes barter revenues and syndication revenues, Emmis' stations were down 6.0% compared to local radio market revenues down 4.9% during the fiscal quarter.  

Publishing net revenues were up 5.8% in the first fiscal quarter, driven by strong growth at Los Angeles, Texas Monthly and Atlanta.

For the first... More