Townsquare: 2Q Earnings Snapshot
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.