Benzinga | Nov 5, 2020 08:23AM EST

Cumulus Media Q3 EPS $(0.78) Beats $(1.15) Estimate, Sales $196.38M Miss $196.45M Estimate

Cumulus Media (NASDAQ:CMLS) reported quarterly losses of $(0.78) per share which beat the analyst consensus estimate of $(1.15) by 32.17 percent. This is a 178.79 percent decrease over earnings of $0.99 per share from the same period last year. The company reported quarterly sales of $196.38 million which missed the analyst consensus estimate of $196.45 million by 0.03 percent. This is a 30.06 percent decrease over sales of $280.81 million the same period last year.