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Entercom Communications Corp Q3 Profit Drops 10%

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

The company said its profit declined to $9.71 million, or $0.24 per share. This was lower than $10.81 million, or $0.27 per share, in last year's third quarter.

Analysts had expected the company to earn $0.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.5% to $122.30 million. This was up from $121.64 million last year.

Entercom Communications Corp earnings at a glance:

-Earnings (Q3): $9.71 Mln. vs. $10.81 Mln. last year.
-Earnings Decline (Y-o-Y): -10.2%
-EPS (Q3): $0.24 vs. $0.27 last year.
-EPS Decline (Y-o-Y): -11.1%
-Analysts Estimate: $0.22
-Revenue (Q3): $122.30 Mln vs. $121.64 Mln last year.
-Revenue Change (Y-o-Y): 0.5%

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