Investing.com - Audacy reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Audacy announced earnings per share of $-1.010 on revenue of $316.97M. Analysts polled by Investing.com anticipated EPS of $0.110 on revenue of $344.08M.
Audacy shares are down 20% from the beginning of the year and are trading at $0.293 , down-from-52-week-high.
Audacy shares lost 7.57% in pre-market trade the report.
Audacy follows other major Communication Services sector earnings this month
Audacy's report follows an earnings missed by Alphabet C on Tuesday, October 25, 2022, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on Wednesday, October 26, 2022 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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