Entercom Communications (ETM) Tops Q4 EPS by 6c
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Entercom Communications Corp. Reports Fourth Quarter and Annual Results
February 22, 2017 7:00 AM ESTFourth Quarter Revenues Increased 5% and Station Operating Income Increased 3%
BALA CYNWYD, Pa.--(BUSINESS WIRE)-- Entercom Communications (NYSE: ETM) today reported financial results for the quarter ended December 31, 2016.
Fourth Quarter Highlights
Net revenues for the quarter increased 5% to $123.2 million Station expenses increased 6% to $81.1 million Station operating income increased 3% to $42.1 million Adjusted EBITDA was flat at $35.2 million Adjusted net income per share was $0.34, down $0.02Full Year Highlights
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