Salem Communications: 2Q Earnings Snapshot
Aug. 08, 2018
CAMARILLO, Calif. (AP) _ Salem Communications Corp. (SALM) on Wednesday reported a second-quarter loss of $2.2 million, after reporting a profit in the same period a year earlier.
The Camarillo, California-based company said it had a loss of 8 cents per share. Earnings, adjusted for non-recurring costs, came to 6 cents per share.
The multimedia company posted revenue of $66.3 million in the period.
Salem Communications shares have increased 13 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.10, a decline of 26 percent in the last 12 months.