Entravision Communication (EVC) Reports Q3 EPS of $0.02, Slight Miss on Revenues

Entravision Communication (NYSE: EVC) reported Q3 EPS of $0.02, versus $0.00 reported last year. Revenue for the quarter came in at $74.58 million versus the consensus estimate of $75.62 million.

Commenting on the Company's earnings results, Walter F. Ulloa, Chairman and Chief Executive Officer, said, "During the third quarter, we achieved growth in advertising revenue, driven by increases in our digital media segment. This growth in our digital media segment offset decreases in our television and radio segments. Additionally, we had a decrease in spectrum usage rights revenue compared to last year's third quarter, when we recorded our FCC auction results. We continue to maintain a solid balance sheet, and looking ahead, we remain well positioned to build on our success in further attracting Latino and other audiences worldwide, as we execute our multi-platform strategy to the benefit of our shareholders."

For earnings history and earnings-related data on Entravision Communication (EVC) click here.

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