IHeartMedia (IHRT) Reports Q1 Loss, Misses Revenue Estimates

IHeartMedia (IHRT) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.55. This compares to loss of $1.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 78.18%. A quarter ago, it was expected that this radio company would post earnings of $0.05 per share when it actually produced earnings of $0.09, delivering a surprise of 80%.Over the last four quarters, the company has surpa ...