Entercom Communications Corp. (ETM) Announces Quarterly Results
Entercom Communications Corp. (NYSE:ETM) posted its quarterly earnings results on Tuesday. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05, American Banking & Market News reports. The company had revenue of $99.60 million for the quarter, compared to the consensus estimate of $97.65 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis.
A number of research firms have recently commented on ETM. Analysts at Thomson Reuters/Verus upgraded shares of Entercom Communications Corp. from a “hold” rating to a “buy” rating in a research note on Monday, January 13th.
Entercom Communications Corp. is a radio broadcasting companies in the United States. The Company’s operates with a nationwide portfolio of 23 markets: San Francisco, Boston, Seattle, Denver, Portland, Sacramento, Kansas City, Indianapolis, Milwaukee, Austin, Norfolk, Buffalo, New Orleans, Memphis, Providence, Greensboro, Greenville/Spartanburg, Rochester, Madison, Wichita, Wilkes-Barre/Scranton, Springfield (NYSE:ETM) and Gainesville/Ocala.
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