Salem Media Group (SALM) Misses Q2 EPS by 17c; Offers 3Q Revenue Outlook
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Salem Media Group, Inc. Announces Second Quarter 2018 Total Revenue of $66.3 Million
August 8, 2018 4:05 PM EDTCAMARILLO, Calif.--(BUSINESS WIRE)-- Salem Media Group, Inc. (Nasdaq: SALM) released its results for the three and six months ended June 30, 2018.
Second Quarter 2018 Results
For the quarter ended June 30, 2018 compared to the quarter ended June 30, 2017:
Consolidated
Total revenue increased 0.2% to $66.3 million from $66.1 million; Total operating expenses increased 12.9% to $64.9 million from $57.5 million; Operating expenses, excluding gains or losses on the disposition of assets, stock-based compensation expense, changes in the estimated fair value of contingent earn-out consideration, depreciation expense and amortization expense... More