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Forum - Urban One, Inc. - UONE   

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From: rasputin (Rep: 72) reply to rasputinDate: 08/08/2018 12:06
Forum: Urban One, Inc. - Msg #36Thread #674026710 (Rec: 2)
Re: $3 rip..here they come..Earnings out .51 EPS vs .02..500k float 1.3 P/E.



Reply to rasputin - Msg #33 - 08/08/2018 09:26

Earnings out .51 EPS vs .02..500k float 1.3 P/E.

Urban One, Inc. Reports Second Quarter Results

6:45 AM ET 8/8/18 | Dow Jones




WASHINGTON, Aug. 8, 2018 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the quarter ended June 30, 2018. Net revenue was approximately $115.2 million, a decrease of 2.1% from the same period in 2017. Broadcast and digital operating income(1) was approximately $44.3 million, an increase of 6.1% from the same period in 2017. The Company reported operating income of approximately $24.8 million for the three months ended June 30, 2018, compared to approximately $12.1 million for the same period in 2017.
Net income was approximately $23.6 million or $0.51 per share (basic) compared to net income of $802,000 or $0.02 per share (basic) for the same period in 2017. Adjusted EBITDA(2) was approximately $39.0 million for the three months ended June 30, 2018, compared to $36.7 million for the same period in 2017, an increase of 6.4%.
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