EMMS Beats Analyst Earnings Estimates By 0.09 Cents
6:32AM Emmis Comms beats by $0.09, beats on revs (EMMS) 0.40 : Reports Q3 (Nov) earnings of $0.06 per share, excluding a non-cash impairment charge of $3.51 per share, $0.09 better than the First Call consensus of ($0.03); revenues fell 6.1% year/year to $85.1 mln vs the $81.4 mln consensus
What's the good word on Emmis. The numbers didn't seem bad other than the license value write down. But it sounds like they're playing games with their salaries with the bonus structure to stay under the debt cap. So they don't have any wiggle room for new debt going into a bad quarter. Can they pull it out?