Benzinga | Aug 4, 2021 09:08AM EDT

Cumulus Media Earlier Announced Q2 EPS $(0.16) Misses $(0.05) Estimate, Sales $224.72M Beat $220.90M Estimate

Cumulus Media (NASDAQ:CMLS) reported quarterly losses of $(0.16) per share which missed the analyst consensus estimate of $(0.05) by 220 percent. This is a 89.4 percent increase over losses of $(1.51) per share from the same period last year. The company reported quarterly sales of $224.72 million which beat the analyst consensus estimate of $220.90 million by 1.73 percent. This is a 53.89 percent increase over sales of $146.02 million the same period last year.