iHeartMedia (IHRT) Reports Q2 Loss, Tops Revenue Estimates

iHeartMedia (IHRT) came out with a quarterly loss of $0.54 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to a loss of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -92.86%. A quarter ago, it was expected that this radio company would post a loss of $0.47 per share when it actually produced a loss of $0.63, delivering a surprise of -34.04%.Over the last four quarters, the company has su ...