Entercom Communications Q4 Profit Rises

(RTTNews) - Entercom Communications Corp. (ETM) reported that its fourth-quarter net income was $9.5 million or $0.25 per share, compared to $7.3 million or $0.19 per share in the same quarter last year.

Adjusted net income per share was $0.31, same as last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter decreased 2% to $99.58 million from $102.09 million in the prior year quarter, while two analysts had consensus revenue estimate of $97.65 million for the quarter.