Cumulus Media (CMLS) Reports Q2 Loss, Misses Revenue Estimates

Cumulus Media (CMLS) came out with a quarterly loss of $0.68 per share versus the Zacks Consensus Estimate of a loss of $0.49. This compares to loss of $0.06 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -38.78%. A quarter ago, it was expected that this radio station owner would post a loss of $1.33 per share when it actually produced a loss of $0.85, delivering a surprise of 36.09%. Over the last four quarters, the company ...