Townsquare: 2Q Earnings Snapshot

August 8, 2018

GREENWICH, Conn. (AP) _ Townsquare Media Inc. (TSQ) on Wednesday reported second-quarter net income of $1.6 million.

On a per-share basis, the Greenwich, Connecticut-based company said it had net income of 7 cents. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to 38 cents per share.

The operator of radio stations in small and mid-sized markets posted revenue of $119.6 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $115.6 million.

Townsquare shares have dropped 15 percent since the beginning of the year. The stock has dropped 38 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSQ at https://www.zacks.com/ap/TSQ