Cumulus Media (CMLS) Reports Q1 Loss, Misses Revenue Estimates

Cumulus Media (CMLS) came out with a quarterly loss of $1.88 per share versus the Zacks Consensus Estimate of a loss of $1.29. This compares to loss of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -45.74%. A quarter ago, it was expected that this radio station owner would post a loss of $0.58 per share when it actually produced a loss of $0.39, delivering a surprise of 32.76%.Over the last four quarters, the company h ...