Salem Media Group, Inc. Announces Second Quarter 2019 Total Revenue of $64.7 Million

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Go back to Salem Media Group, Inc. Announces Second Quarter 2019 Total Revenue of $64.7 Million

Salem Media Group (SALM) Misses Q2 EPS by 20c, Revenues Miss; Offers Q3 Revenues Above Consensus

August 8, 2019 5:02 PM EDT

Salem Media Group (NASDAQ: SALM) reported Q2 EPS of ($0.14), $0.20 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $64.7 million versus the consensus estimate of $66.15 million.

Consolidated

Total revenue decreased 2.4% to $64.7 million from $66.3 million;Total operating expenses decreased 9.0% to $59.1 million from $64.9 million;Operating expenses, excluding gains or losses on the disposition of... More