CAMARILLO, Calif. (AP) _ Salem Communications Corp. (SALM) on Thursday reported third-quarter net income of $329,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Camarillo, California-based company said it had profit of 1 cent. Earnings, adjusted for non-recurring costs, came to 5 cents per share.
The multimedia company posted revenue of $60.6 million in the period.
In the final minutes of trading on Thursday, the company’s shares hit 96 cents. A year ago, they were trading at $1.59.
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The Associated Press
