Corus Entertainment Inc (CJR_B.TO) announced Loss for its second quarter that increased from the same period last year and missed the Street estimates.
The company's earnings came in at -C$55.02 million, or -C$0.28 per share. This compares with -C$7.70 million, or -C$0.05 per share, last year.
Analysts on average had expected the company to earn -C$0.12 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 9.7% to C$270.36 million from C$299.54 million last year.
Corus Entertainment Inc earnings at a glance (GAAP) :
-Earnings: -C$55.02 Mln. vs. -C$7.70 Mln. last year.-EPS: -C$0.28 vs. -C$0.05 last year.-Revenue: C$270.36 Mln vs. C$299.54 Mln last year.
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