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Entercom Communications Corp Q1 Profit Retreats 21%

Entercom Communications Corp (ETM) released earnings for first quarter that dropped compared to the same period last year.

The company said its profit totaled $2.72 million, or $0.07 per share. This was lower than $3.45 million, or $0.09 per share, in last year's first quarter.

Analysts had expected the company to earn $0.08 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.4% to $97.45 million. This was up from $96.10 million last year.

Entercom Communications Corp earnings at a glance:

-Earnings (Q1): $2.72 Mln. vs. $3.45 Mln. last year.
-Earnings Decline (Y-o-Y): -21.2%
-EPS (Q1): $0.07 vs. $0.09 last year.
-EPS Decline (Y-o-Y): -22.2%
-Analysts Estimate: $0.08
-Revenue (Q1): $97.45 Mln vs. $96.10 Mln last year.
-Revenue Change (Y-o-Y): 1.4%

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