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 EPS of $0.110 on revenue of $344.08M.
Audacy 's are down 20% and is trading at $0.293 , still down 91.70% from its 52 week high of $3.82 set on Tuesday, November 9, 2021.
Audacy shares lost 7.57% to trade at $0.293 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, 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, for EPS of $1.93 on revenue of $27.57B.
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