Investing.com - Cumulus Media (NASDAQ:CMLS) A reported on Friday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Cumulus Media A announced earnings per share of $0.45 on revenue of $233.50. Analysts polled by Investing.com anticipated EPS of $0.60 on revenue of $238.67M.
Cumulus Media A shares are down 50% from the beginning of the year, still down 55.52% from its 52 week high of $15.67 set on May 5.
Cumulus Media A follows other major Communication Services sector earnings this month
Cumulus Media A's report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on Wednesday with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar