Salem Communications: Q3 Earnings Snapshot

IRVING, Texas (AP) — IRVING, Texas (AP) — Salem Communications Corp. (SALM) on Monday reported a loss of $31.3 million in its third quarter.

On a per-share basis, the Irving, Texas-based company said it had a loss of $1.15. Losses, adjusted for one-time gains and costs, were 18 cents per share.

The multimedia company posted revenue of $63.5 million in the period.

For the current quarter ending in December, Salem Communications said it expects revenue in the range of $68.8 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SALM at https://www.zacks.com/ap/SALM