Entravision Communications Corp. (NYSE:EVC) had a loss and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Entravision Communications Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.01 in the quarter versus EPS of $-0.04 in the year-earlier quarter.
Revenue: Rose 5.55% to $49.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Entravision Communications Corp. reported adjusted EPS loss of $0.01 per share. By that measure, the company missed the mean analyst estimate of $-0.01. It beat the average revenue estimate of $48.8 million.
Quoting Management: Commenting on the Company’s earnings results, Walter F. Ulloa, Chairman and Chief Executive Officer, said, “During the first quarter, we achieved revenue growth driven by increases in both our television and radio segments. Core revenue (excluding retransmission consent revenue and political advertising revenue) from our television and radio segments outperformed their respective industry averages, and we improved our free cash flow over the first quarter of 2012. Our audience shares remain strong in the nation’s most densely populated Hispanic markets, and we believe we are well positioned to benefit as the U.S. Hispanic market continues to expand and advertisers increasingly recognize the importance of reaching our target audience.”
Key Stats (on next page)…