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Entercom Communications: 4Q Earnings Snapshot

BALA CYNWYD, Pa. (AP) _ Entercom Communications Corp. (ETM) on Friday reported a fourth-quarter loss of $387 million, after reporting a profit in the same period a year earlier.

The Bala Cynwyd, Pennsylvania-based company said it had a loss of $2.80 per share. Earnings, adjusted for one-time gains and costs, were 35 cents per share.

The radio broadcasting company posted revenue of $411.4 million in the period.

For the year, the company reported a loss of $361.4 million, or $2.62 per share, swinging to a loss in the period. Revenue was reported as $1.46 billion.

Entercom Communications shares have climbed 33 percent since the beginning of the year. The stock has decreased 25 percent in the last 12 months.


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