BALA CYNWYD, Pa. (AP) _ Entercom Communications Corp. (ETM) on Tuesday reported first-quarter net income of $3.1 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Bala Cynwyd, Pennsylvania-based company said it had profit of 2 cents. Earnings, adjusted for restructuring costs and pretax expenses, came to 3 cents per share.
The radio broadcasting company posted revenue of $309 million in the period.
Entercom Communications shares have climbed 18% since the beginning of the year. The stock has dropped 35% in the last 12 months.
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