IHeartMedia (IHRT) Reports Q2 Loss, Tops Revenue Estimates

IHeartMedia (IHRT) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to loss of $5.93 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 25.81%. A quarter ago, it was expected that this radio company would post a loss of $0.55 per share when it actually produced a loss of $0.12, delivering a surprise of 78.18%. Over the last four quarters, the company has surp ...