Salem Communications: 3Q Earnings Snapshot

November 7, 2018

CAMARILLO, Calif. (AP) _ Salem Communications Corp. (SALM) on Wednesday reported third-quarter net income of $1.2 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Camarillo, California-based company said it had net income of 5 cents.

The multimedia company posted revenue of $65.5 million in the period.

For the current quarter ending in December, Salem Communications said it expects revenue in the range of $67.2 million.

In the final minutes of trading on Wednesday, the company’s shares hit $3.11. A year ago, they were trading at $5.85.


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

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