Audacy (NYSE:AUD) reported its Q1 earnings results on Wednesday, May 10, 2023 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Audacy missed estimated earnings by 4.17%, reporting an EPS of $-0.25 versus an estimate of $-0.24.
Revenue was down $15.66 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 15.18% increase in the share price the next day.
Here's a look at Audacy's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.07 | -0.02 | 0.03 | -0.09 |
| EPS Actual | 0.09 | 0.26 | -0.01 | -0.10 |
| Revenue Estimate | 344.12M | 323.80M | 323.52M | 279.12M |
| Revenue Actual | 341.96M | 316.97M | 319.44M | 275.30M |
To track all earnings releases for Audacy visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.