Entercom Communications’ third quarter earnings report offered Wall Street analysts mixed results. Earnings per share slightly missed the consensus analyst estimate. On a same-station basis, net revenue in Q3 dropped as pro-forma Adjusted EBITDA slipped by $3 million.
President/CEO David Field was satisfied with the results, which were in-line with forecasts and pacing. And, as Gregory Vousvounis, a full-time investor mainly focused on U.S. equities, writes for Seeking Alpha, he has every reason to be content.