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Entercom Communications Corp Q3 adjusted earnings Miss Estimates

Entercom Communications Corp (ETM) reported earnings for its third quarter that advanced from last year.

The company's earnings came in at $36.59 million, or $0.26 per share. This compares with $3.44 million, or $0.09 per share, in last year's third quarter.

Excluding items, Entercom Communications Corp reported adjusted earnings of $35.69 million or $0.26 per share for the period.

Analysts had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 209.5% to $378.51 million from $122.30 million last year.

Entercom Communications Corp earnings at a glance:

-Earnings (Q3): $35.69 Mln. vs. $9.71 Mln. last year.
-EPS (Q3): $0.26 vs. $0.24 last year.
-Analysts Estimate: $0.27
-Revenue (Q3): $378.51 Mln vs. $122.30 Mln last year.

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