Salem Media Group, Inc. Announces First Quarter 2017 Total Revenue of $65.0 Million
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Salem Media Group (SALM) Misses Q1 EPS by 4c
May 8, 2017 7:34 AM EDTSalem Media Group (NASDAQ: SALM) reported Q1 EPS of $0.04, $0.04 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $65 million versus the consensus estimate of $66.34 million.
Second Quarter 2017 Outlook
For the second quarter of 2017, the company is projecting total revenue to decline 1% to 3% from second quarter 2016 total revenue of $67.8 million. This decline is due to the lack of political revenue, the elimination of four loss-making magazines during the... More
