GREENWICH, Conn. (AP) _ Townsquare Media Inc. (TSQ) on Tuesday reported a fourth-quarter loss of $27.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Greenwich, Connecticut-based company said it had a loss of $1.47. Earnings, adjusted for one-time gains and costs, came to 14 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The operator of radio stations in small and mid-sized markets posted revenue of $114.3 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $118.6 million.
For the year, the company reported a loss of $10.3 million, or 56 cents per share, swinging to a loss in the period. Revenue was reported as $507.4 million.
Townsquare shares have fallen 1 percent since the beginning of the year. The stock has declined 25 percent in the last 12 months.