logo
Share SHARE
FONT-SIZE Plus   Neg

Spanish Broadcasting System Q4 Profit Rises - Quick Facts

Spanish Broadcasting System Inc. (SBSA) reported that its fourth-quarter income applicable to common stockholders increased to $3.68 million or $0.51 per share from $880 thousand or $0.12 per share in the year ago quarter.

Consolidated net revenue totaled $38.2 million compared to $34.9 million for the same prior year period, resulting in an increase of $3.3 million or 9%. Excluding cyclical political sales for the respective periods, consolidated net revenue totaled $38.1 million compared to $33.7 million for the same prior year period, resulting in an increase of $4.4 million or 13%.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Discount retailers Dollar Tree Inc. and Dollar General Corp. both reported results for the second quarter that missed analysts' expectations. Looking ahead, Dollar Tree also forecast revenue for the third quarter below analysts' estimates and lowered its full-year revenue outlook. Shares of both companies are falling in pre-market activity. Tiffany & Co. reported slight increase in second-quarter net profit on the absence of prior year's charge, while net sales and comparable sales were weak. Earnings per share topped analysts' estimates, while sales missed their view. Further, the company maintained its fiscal 2016 forecast, expecting lower results. In pre-market activity, shares were gaining 4.54 percent. A new Nike ad, "Unlimited Pursuit," highlights the hard work and dedication of female Olympians it takes to be the best. The latest installment in the Nike "Unlimited" - Just Do It campaign features some of world's greatest athletes from Rio 2016 Olympics. Gymnasts Simone Biles and Gabby Douglas, tennis player Serena Williams and many others are shown in the 40-second clip.
comments powered by Disqus
Follow RTT