SAN ANTONIO (AP) — SAN ANTONIO (AP) — IHeartMedia Inc. (IHRT) on Monday reported a loss of $83.5 million in its second quarter.
On a per-share basis, the San Antonio-based company said it had a loss of 54 cents.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.
The radio company posted revenue of $933.7 million in the period.
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