Cumulus: Q3 Earnings Snapshot
In this article:
ATLANTA (AP) — ATLANTA (AP) — Cumulus Media Inc. (CMLS) on Friday reported third-quarter net income of $2.7 million.
On a per-share basis, the Atlanta-based company said it had profit of 16 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The radio station owner posted revenue of $207.4 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $207.5 million.
_____
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
