SAN ANTONIO (AP) — SAN ANTONIO (AP) — IHeartMedia Inc. (IHRT) on Thursday reported a loss of $18.5 million in its first quarter.
The San Antonio-based company said it had a loss of 12 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 55 cents per share.
The radio company posted revenue of $799 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $806.6 million.
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