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Entercom Communications Corp Q2 adjusted earnings Miss Estimates

Entercom Communications Corp (ETM) reported a profit for second quarter that fell from the same period last year.

The company's bottom line totaled $2.44 million, or $0.01 per share. This compares with $5.86 million, or $0.15 per share, in last year's second quarter.

Excluding items, Entercom Communications Corp reported adjusted earnings of $33.29 million or $0.24 per share for the period.

Analysts had expected the company to earn $0.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 197.8% to $372.12 million from $124.97 million last year.

Entercom Communications Corp earnings at a glance:

-Earnings (Q2): $33.29 Mln. vs. $10.30 Mln. last year.
-EPS (Q2): $0.24 vs. $0.26 last year.
-Analysts Estimate: $0.25
-Revenue (Q2): $372.12 Mln vs. $124.97 Mln last year.

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