8/17/2009 4:59 PM ET
(RTTNews) -
AirMedia Group Inc. (AMCN: News ) reported a net loss attributable to the common ADSholders for the second quarter of US$7.00 million or US$0.11 per ADS, compared to net income of US$7.33 million or US$0.11 per ADS in the year-ago quarter.
Adjusted net loss was US$5.4 million or US$0.08 per ADS, compared to adjusted net income of US$8.5 million or US$0.12 per ADS in the same period one year ago.
Net revenues for the quarter increased to US$36.30 million from US$28.49 million in the prior-year quarter.
On average, six analysts polled by Thomson Reuters expected the company to report a loss of US$0.13 per ADS, on revenues of US$36.09 million for the quarter. Analysts' estimates typically exclude special items.
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by RTT Staff Writer
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