On February 22, Entercom Communications released its results for Q4 and the full 2018. Adjusted net income grew significantly, and President/CEO David Field appears to be very pleased with his company’s Q4 earnings results. But, an impairment loss totaling close to a half-billion dollars was taken as Entercom shares stumbled in the final three months of last year.
What does one financial analyst who in July 2018 declared that Entercom “will be a multi-bagger” over the next three to five years think of his prognostication today? “The results were exactly on point,” confirming his revenue and profit expansion thesis.
