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Forum - Wall Street Pit (Urban One, Inc. - UONE)    Stock Due Diligence for All

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From: rasputin (Rep: 72)Date: 08/08/2018 16:18
Forum: Wall Street Pit - Msg #2747058 - List UONE msgs Thread #674026914 (Rec: 6)
$3.25 A/H could rip tomorrow like ABIL today..500K float .51 EPS 4900%.


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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