Cumulus: Q2 Earnings Snapshot
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ATLANTA (AP) — ATLANTA (AP) — Cumulus Media Inc. (CMLS) on Friday reported a loss of $1.1 million in its second quarter.
On a per-share basis, the Atlanta-based company said it had a loss of 6 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 37 cents per share.
The radio station owner posted revenue of $210.1 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $208.8 million.
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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 CMLS at https://www.zacks.com/ap/CMLS
