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Profits drop for Entercom

G

GeorgeKramer

Guest
I just read online that revenue and income declined by nearly 24 percent in the third quarter at Entercom Communications.

According to Business First, net profits were $8.2 million, or 22 cents per share, on $100.4 million in revenue. In the 2010 third quarter, Entercom had net income of $10.7 million, or 29 cents per share, on $102.7 million in revenue.

Analysts had projected earnings of just over $100 million.

Soooo.... what is everyone's immediate reaction and what does this mean for us the listeners and those who work for Entercom Buffalo?
 
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