Saga Communications (SGA) Reports Q3 EPS of $0.53
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Saga Communications, Inc. Reports 3rd Quarter 2015 Results
November 5, 2015 9:00 AM ESTGROSSE POINTE FARMS, Mich., Nov. 5, 2015 /PRNewswire/ -- Saga Communications, Inc. (NYSE MKT: SGA) today reported free cash flow increased 11.3% to $5.5 million for the quarter ended September 30, 2015. Net revenue decreased 1.6% to $33.8 million. Station operating expense decreased $2.0 million to $24.3 million (station operating expense includes depreciation and amortization attributable to the stations). Operating income increased 14.0% to $6.5 million. Net income for the period was $3.1 million ($0.53 per fully diluted share).Â
Free cash flow increased 3.2% to $14.7 million for the nine months ended September 30, 2015. Net revenue decreased 0.4% to $97.3 million. Station operating expense decreased 1.9% to $71.4 million (station operating expense includes... More
