Saga Communications (SGA) Reports Q1 EPS of $0.28
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Saga Communications, Inc. Reports 1st Quarter 2020 Results
May 6, 2020 9:00 AM EDTGROSSE POINTE FARMS, Mich., May 6, 2020 /PRNewswire/ -- Saga Communications, Inc. (Nasdaq - SGA) today reported net income increased to $1.7 million from $1.4 million for the same period last year. Net revenue of $26.1 million for the quarter compared to $27.8 million for the 1st quarter last year. Gross political revenue increased $963 thousand for the quarter this year to $1.0 million. Station operating expense decreased $964 thousand to $22.2 million and operating income increased $202 thousand to $2.2 million. Diluted earnings per share were $0.28/share in the 1st quarter of 2020 compared to $0.23/share during the same period in 2019. Free cash flow was $1.5 million for the quarter ended... More
