IHeartMedia (IHRT) Reports Q3 Loss, Tops Revenue Estimates

IHeartMedia (IHRT) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of $0.02. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -900%. A quarter ago, it was expected that this radio company would post a loss of $0.31 per share when it actually produced a loss of $0.23, delivering a surprise of 25.81%.Over the last four quarters, the company has surpassed consens ...