AP NEWS

Entercom Communications: 4Q Earnings Snapshot

February 25, 2020 GMT

PHILADELPHIA (AP) _ Entercom Communications Corp. (ETM) on Tuesday reported a loss of $487.5 million in its fourth quarter.

On a per-share basis, the Philadelphia-based company said it had a loss of $3.64. Earnings, adjusted for one-time gains and costs, came to 40 cents per share.

The radio broadcasting company posted revenue of $414.1 million in the period.

For the year, the company reported that its loss widened to $420.2 million, or $3.07 per share. Revenue was reported as $1.49 billion.

The company’s shares closed at $4.25. A year ago, they were trading at $7.56.

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