Cumulus Media Inc. (CMLS) announced Loss for first quarter that decreased from last year and beat the Street estimates.
The company's bottom line came in at -$14.2 million, or -$0.85 per share. This compares with -$21.5 million, or -$1.17 per share, in last year's first quarter.
Analysts on average had expected the company to earn -$1.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 2.7% to $200.1 million from $205.7 million last year.
Cumulus Media Inc. earnings at a glance (GAAP) :
-Earnings (Q1): -$14.2 Mln. vs. -$21.5 Mln. last year.
-EPS (Q1): -$0.85 vs. -$1.17 last year.
-Revenue (Q1): $200.1 Mln vs. $205.7 Mln last year.
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