- Emmis Communications (NASDAQ:EMMS) is closing strong, up 19.8% after posting results from a "challenging quarter" where revenue slipped slightly overall, but rose in publishing, while CEO Jeff Smulyan pointed to Q2 radio revenues "pacing up low single digits."
- Diluted EPS of $0.03 outpaced last year's figure of $0.02 as operating income grew 15% on lower fees. Net income of $1.5M was up from the prior year's $956K.
- Smulyan also said its NextRadio initiative, to make FM broadcasts available on mobile devices, has "incredible momentum." Last week the app became available for download in the Amazon App Store.
- FQ1 results