Entercom Communications (ETM) Misses Q2 EPS by 1c, Revenues Miss; 'Improving Revenue Outlook'
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Entercom Communications Corp. Reports Second Quarter Results
August 8, 2018 8:00 AM EDTPHILADELPHIA--(BUSINESS WIRE)-- Entercom Communications (NYSE: ETM) today reported financial results for the quarter ended June 30, 2018.
Second Quarter Highlights
Net revenues for the quarter were $372.1 million, compared to $125.0 million in the second quarter of 2017. On a same-station basis, net revenues for the quarter were $372.1 million compared to $405.7 million in the second quarter of 2017 Operating income for the quarter was $27.6 million, after a non-cash impairment charge of $29 million that is primarily due to our pending divestitures, compared to $16.4 million in the second quarter of 2017... More