Beasley Shares Slip On Net Loss Swing

0

It’s no secret that there has been a lot of nail biting in anticipation of what will likely be a less-than-stellar round of quarterly earnings releases to start the 2018 calendar year.


If Beasley Broadcast Group‘s Q1 results portend much of the industry’s revenue tales, buckle up: We’ll be experiencing some turbulence for the next several days.

Lower operating income in the quarter resulted in a net loss in Q1 2018, despite growth in net revenue. Investors immediately reacted, sending BBGI shares down by nearly 11% as the company’s 10am Eastern quarterly earnings call with Wall Street analysts began.

By 11am, a slow recovery was underway, with shares down 8.2% to $10.78.

At the Closing Bell, BBGI shares were off by 4.7%, to $11.20.

Please Login to view this content. (Not a member? Join Today!)