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SILVER SPRING, Md. (AP) _ Urban One Inc. (UONEK) on Thursday reported fourth-quarter net income of $26.4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Silver Spring, Maryland-based company said it had net income of 55 cents.
The broadcast media company that serves African-American and urban listeners posted revenue of $113.5 million in the period.
For the year, the company reported a loss of $8.1 million, or 18 cents per share, swinging to a loss in the period. Revenue was reported as $376.3 million.
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The company’s shares closed at $1.92. A year ago, they were trading at $1.38.
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
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