Emmis Communications (EMMS) Reports Q1 EPS of $1.75 on Revenues of $26.4M

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Go back to Emmis Communications (EMMS) Reports Q1 EPS of $1.75 on Revenues of $26.4M

Emmis Announces First Quarter Earnings

July 12, 2018 6:00 AM EDT

INDIANAPOLIS, July 12, 2018 /PRNewswire/ -- Emmis Communications Corporation (NASDAQ: EMMS) today announced results for its first fiscal quarter ending May 31, 2018.

Emmis' radio net revenues for the first fiscal quarter were $26.4 million, down from $38.7 million in the prior year. Pro forma for all radio station sales, Emmis' first quarter radio revenues as reported to Miller Kaplan, which excludes barter revenues and syndication revenues, were down 4% in markets that were down 6%.

On April 30, the company finalized the sale of its St. Louis radio stations and used the net proceeds to repay credit... More