U.S. financial markets may have been on the rise in overall trading on Wall Street, but Thursday’s activity saw investors punish Entercom Communications for missing Street revenue and EPS estimates in Q4 2017.
At the Closing Bell, ETM shares fell 4.4%, to $9.80.
Also down sharply: iHeartMedia, which now has until Tuesday at 12:59am ET to deal with a $106 million interest payment on a series of loans — and a Chapter 11 restructuring announcement.
The “stub” of publicly traded iHeart shares dipped by 8%, to 46 cents.
For a complete look at today’s closing stock prices, please visit the homepage of RBR.com.
