Beasley Broadcast -3.9% after profit declines [Seeking Alpha]
Beasley Broadcast Group, Inc. - Class A (BBGI)
US:NASDAQ Investor Relations:
bbgi.com/investors-2
Company Research
Source: Seeking Alpha
Radio broadcaster Beasley Broadcast Group (NASDAQ: BBGI ) is after profits that missed expectations on a headline basis in Q3 despite double-digit revenue gains. Results were affected by a number of station transfers, including sales and asset exchanges as well as a Philadelphia station acquired from Entercom. Operating income fell to $9.3M from $13.2M, and station operating income (a non-GAAP measure) fell to $14.8M from $16.4M, mainly due to additional bad debt expense amid issues at United States Traffic Network, and higher operating expenses at others. Net income dropped to $2.6M from $6.1M. The company's still committed to shareholder value through capital returns, capital structure improvements and leverage reductions, says CEO Caroline Beasley. Previously: Beasley Broadcast misses by $0.14, beats on revenue (Nov. 02 2018) Press release See all stocks on the move » Now read: Entercom Communications: A Triple From Here » Subscribe for
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High impacting Beasley Broadcast Group, Inc. - Class A news events
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BBGI
News
- Beasley Broadcast Group, Inc. (NASDAQ: BBGI) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Beasley Broadcast Group, Inc. (NASDAQ: BBGI) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Beasley Broadcast Group, Inc. (NASDAQ: BBGI) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Beasley Broadcast Group, Inc. (NASDAQ: BBGI) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Beasley Broadcast Group, Inc. (NASDAQ: BBGI) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
BBGI
Earnings
- 2/12/24 - Beat
BBGI
Sec Filings
- 4/19/24 - Form 8-K
- 4/19/24 - Form SC
- 4/16/24 - Form ARS
- BBGI's page on the SEC website