SAN ANTONIO (AP) — SAN ANTONIO (AP) — IHeartMedia Inc. (IHRT) on Tuesday reported a loss of $222.3 million in its first quarter.
The San Antonio-based company said it had a loss of $1.50 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 71 cents per share.
The radio company posted revenue of $811.2 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $795.4 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a IHRT">Zacks stock report on IHRT at https://www.zacks.com/ap/IHRT