AirMedia Group Inc. (AMCN) announced that its third-quarter net loss attributable to shareholders was US$9.6 million, compared to net income of US$7.5 million in the same period one year ago. The diluted net loss attributable to AirMedia's shareholders per ADS for the third quarter of 2009 was US$0.15 compared to income attributable to AirMedia's shareholders per ADS of US$0.11 in the same period one year ago.
Adjusted net loss attributable to AirMedia's shareholders for the third quarter was US$7.0 million, compared to US$8.9 million in the same period one year ago. Adjusted net loss attributable to AirMedia's shareholders per ADS for the third quarter was US$0.11, compared to adjusted net income attributable to AirMedia's shareholders per ADS of US$0.13 in the same period one year ago.
Total revenues for the third quarter reached US$37.7 million, representing a year-over-year increase of 11.9% from US$33.7 million.
Analysts polled by Thomson Reuters expected the company to report a loss of US$0.11 per share on revenues of US$38.28 million for the quarter. Analysts' estimates typically exclude special items.
AirMedia currently expects that its total revenues for the fourth quarter of 2009 will be in an amount ranging from US$44.0 million to US$46.0 million, representing a year-over-year increase of 8.7% to 13.7% from the same period in 2008. Five analysts have consensus revenue estimate of $45.56 million for the quarter.
For comments and feedback: editorial@rttnews.com