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Beasley posts 4Q profit

NAPLES, Fla. (AP) _ Beasley Broadcast Group Inc. (BBGI) on Tuesday reported fourth-quarter profit of $41.5 million.

The Naples, Florida-based company said it had profit of $1.57 per share. Earnings, adjusted for gains related to mergers and acquisitions, came to 58 cents per share.

The radio broadcaster posted revenue of $53.7 million in the period.

For the year, the company reported profit of $47.5 million, or $1.98 per share. Revenue was reported as $136.7 million.

Beasley shares have climbed 64 percent since the beginning of the year. The stock has nearly tripled in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BBGI at https://www.zacks.com/ap/BBGI

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Keywords: Beasley Broadcast Group, Earnings Report