Beasley Broadcast Group Reports First Quarter Net Revenue of $48.2 Million
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Beasley Broadcasting Group (BBGI) Misses Q1 EPS by 16c, Revenues Miss
May 4, 2021 7:48 AM EDTBeasley Broadcasting Group (NASDAQ: BBGI) reported Q1 EPS of ($0.36), $0.16 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $48.2 million versus the consensus estimate of $49 million.
Commenting on the financial results, Caroline Beasley, Chief Executive Officer, said, Beasley reported 2021 first quarter financial results consistent with the expectations we outlined when we reported the 2020 fourth quarter, as our strong revenue growth in the first two months of the comparable 2020 period, prior to the onset of the pandemic, created a difficult year-over-year comparison. Though we continued to experience challenges related to the... More
