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Emmis Communications Corp. (NASDAQ:EMMS) delivered earnings and shares are flat.
Emmis Communications Corp. Earnings Cheat Sheet
Results: Net income decreased -7.32% to $53.414 million (2 cents per diluted share) in the quarter versus a net gain of $57.63 million in the year-earlier quarter.
Quoting Management: Jeff Smulyan, Emmis Chairman & CEO, said, “Emmis radio station’s revenue growth continues to outpace its markets. While our markets were up 1 percent this quarter, Emmis stations saw an increase of 5 percent.”
Revenue increased 73.7% from $57.57 million in the previous quarter. Net income increased 36.99% from $38.99 million in the previous quarter.
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(Company fundamentals provided by Xignite Financials.)
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