Cumulus Media (CMLS) Reports Q4 Loss, Tops Revenue Estimates

Cumulus Media (CMLS) came out with a quarterly loss of $2.60 per share versus the Zacks Consensus Estimate of a loss of $0.59. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -340.68%. A quarter ago, it was expected that this radio station owner would post a loss of $0.34 per share when it actually produced earnings of $0.16, delivering a surprise of 147.06%.Over the last four quarters, the c ...