Emmis Communications (EMMS) Reports Q3 EPS of $1.43

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Go back to Emmis Communications (EMMS) Reports Q3 EPS of $1.43

Emmis Announces Third Quarter Earnings

January 5, 2017 6:00 AM EST

INDIANAPOLIS, Jan. 5, 2017 /PRNewswire/ -- Emmis Communications Corporation (NASDAQ: EMMS) today announced results for its third fiscal quarter, ending November 30, 2016.

Emmis' radio net revenues for the third fiscal quarter were down slightly, from $42.6 million to $42.5 million. Per Miller Kaplan reporting, which excludes barter and syndication revenues, Emmis radio revenues were down 1.8% in markets up 2.5%. 

For the third fiscal quarter, operating income rose to $23.8 million from $11.6 million in the same quarter of the prior year, due to a gain on the sale of Texas Monthly, which closed during the third... More