Entercom Communications: 4Q Earnings Snapshot
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.