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Salem Communications: 2Q Earnings Snapshot

Associated Press
Updated

CAMARILLO, Calif. (AP) _ Salem Communications Corp. (SALM) on Thursday reported a loss of $3.6 million in its second quarter.

The Camarillo, California-based company said it had a loss of 14 cents per share. Losses, adjusted for non-recurring costs, were 12 cents per share.

The multimedia company posted revenue of $64.7 million in the period.

For the current quarter ending in October, Salem Communications said it expects revenue in the range of $65.5 million.

In the final minutes of trading on Thursday, the company's shares hit $2.09. A year ago, they were trading at $5.10.

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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 SALM at https://www.zacks.com/ap/SALM