Salem Communications: 3Q Earnings Snapshot
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.