Emmis Communications (EMMS) Reports Q3 EPS of $0.05 on Revenues of $28.7M
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Emmis Announces Third Quarter Earnings
January 10, 2019 6:00 AM ESTINDIANAPOLIS, Jan. 10, 2019 /PRNewswire/ -- Emmis Communications Corporation (NASDAQ: EMMS) today announced results for its third fiscal quarter ending November 30, 2018.
Emmis' radio net revenues for the third fiscal quarter were $28.7 million, down from $34.0 million in the prior year. Sales of radio stations (KPWR in LA in August 2017 and four radio stations in St. Louis on April 30, 2018) make Emmis' reported results not comparable year-over-year.
Pro forma for all radio station sales, Emmis' third quarter radio revenues, as reported to Miller Kaplan, which excludes barter and certain other revenues, were up 5%... More
