Entercom Communications Corp. (ETM: Quote) reported a second-quarter net loss of $3.2 million or $0.09 per share, compared to the net income of $48.7 million or $1.29 per share in the comparable quarter last year.
Excluding items, adjusted net income for the quarter was $9.0 million or $0.24 per share, compared to $11.8 million or $0.31 per share in the year-ago quarter.
On average, 2 analysts polled by Thomson Reuters expected the company to earn $0.18 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues for the latest quarter was $104.57 million, compared to $104.65 million last year. Analysts expected revenues of $103.76 million for the quarter.
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by RTT Staff Writer
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