Revenue Update on Spanish Broadcasting System Inc(NASDAQ:SBSA)

Spanish Broadcasting System Inc(NASDAQ:SBSA) announced the earnings results for Fiscal Year 2015 and Q4. The results came in during After-hours on Apr 13, 2016. Company reported revenue of $40.28M. Analysts estimated a revenue of $2.48B. Earnings per share were $-0.97. Analysts had estimated an EPS of $1.61.

Spanish Broadcasting System Inc (SBSA) shares turned negative on Fridays trading session with the shares closing down -0.06 points or -1.84% at a volume of 841. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.26. The peak price level was also seen at $3.26 while the days lowest was $3.1888. Finally the shares closed at $3.2. The 52-week high of the shares is $7.3 while the 52-week low is $2.55. According to the latest information available, the market cap of the company is $21 M.

Spanish Broadcasting System Inc. (SBS) is a Spanish-language media and entertainment company with radio or television stations in the United States Hispanic markets including Puerto Rico. The Company operates in two segments: radio and television. The Company’s owned and operated radio stations serve markets representing approximately 35% of the United States Hispanic population and its television operations serve markets representing over 3.5 million Hispanic households. The Company also owns 21 bilingual Websites including an online destination and mobile application providing content related to Latin music entertainment news and culture. In addition it produces live concerts and events in the United States and Puerto Rico. The Company’s radio stations are located in Los Angeles New York Puerto Rico Miami Chicago and San Francisco. The Company’s television stations and related affiliates operate under the MegaTV brand.

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