NewzSAN ANTONIO (AP) — SAN ANTONIO (AP) — IHeartMedia Inc. (IHRT) on Monday reported a loss of $82.4 million in its second quarter. The San Antonio-based company said it had a loss of 52 cents per share.
Losses, adjusted for restructuring costs, were 41 cents per share. The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The radio company posted revenue of $977.2 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IHRT at https://www.zacks.com/ap/IHRT Source
(MG) on Monday reported second-quarter net income of $7.6 million. On a per-share basis, the Princeton Junction, New Jersey-based company said it had profit of 23 cents. Earnings, adjusted for non-recurring costs, came to 28 cents per share.
The results exceeded Wall Street expectations. The engineering services company posted revenue of $193.1 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $190.5 million.
Mistras expects full-year revenue in the range of $740 million to $755 million. Access a Zacks stock report on MG at https://www.zacks.com/ap/MG Source (LIF) on Monday reported net income of $5.1 million in its second quarter.
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