SAN ANTONIO (AP) — SAN ANTONIO (AP) — IHeartMedia Inc. (IHRT) on Tuesday reported a loss of $884.5 million in its second quarter.
On a per-share basis, the San Antonio-based company said it had a loss of $5.93.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
The radio company posted revenue of $920 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $906 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IHRT at https://www.zacks.com/ap/IHRT
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