Copyright 2019 Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
SILVER SPRING, Md. (AP) _ Urban One Inc. (UONEK) on Friday reported a fourth-quarter loss of $7.9 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Silver Spring, Maryland-based company said it had a loss of 18 cents.
The broadcast media company that serves African-American and urban listeners posted revenue of $105.9 million in the period.
For the year, the company reported profit of $925,000, or 2 cents per share. Revenue was reported as $436.9 million.
The company’s shares closed at $1.11. A year ago, they were trading at $2.04.
Insight by VMware: Find out how agencies are reaching their fullest cloud potential in this exclusive ebook.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UONEK at https://www.zacks.com/ap/UONEK
Copyright © 2020 The Associated Press. All rights reserved. This website is not intended for users located within the European Economic Area.