IHeartMedia (IHRT) Reports Q1 Loss, Tops Revenue Estimates

IHeartMedia (IHRT) came out with a quarterly loss of $0.63 per share versus the Zacks Consensus Estimate of a loss of $0.47. This compares to loss of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -34.04%. A quarter ago, it was expected that this radio company would post earnings of $0.39 per share when it actually produced earnings of $0.76, delivering a surprise of 94.87%.Over the last four quarters, the company has s ...