Beasley Broadcast Group Third Quarter Net Revenue Increases 10.6% to $65.1 Million
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Beasley Broadcasting Group (BBGI) Misses Q3 EPS by 14c, Revenues Beat
November 2, 2018 7:06 AM EDTBeasley Broadcasting Group (NASDAQ: BBGI) reported Q3 EPS of $0.10, $0.14 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $65.1 million versus the consensus estimate of $64 million.
Commenting on the financial results, Caroline Beasley, Chief Executive Officer, said, In the third quarter, we continued to execute on our integration strategy focused on premium local programming to support our goals of ratings and market leadership at acquired stations, while remaining opportunistic in further building our scale and revenue diversification to drive growth and SOI margin expansion.
Third quarter net revenue rose 10.6% in... More
