Saga Communications, Inc. Reports 3rd Quarter 2024 Results
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Saga Communications, Inc. reported a decrease in net revenue by 3.5% to $28.1 million for Q3 2024, with increased operating expenses and a significant drop in operating income. Net income fell to $1.3 million, and diluted EPS was $0.20.
November 07, 2024 | 2:15 pm
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Saga Communications reported a 3.5% decrease in net revenue for Q3 2024, with increased operating expenses and a significant drop in operating income. Net income fell to $1.3 million, and diluted EPS was $0.20.
The decrease in net revenue and operating income, along with increased expenses, suggests financial challenges for Saga Communications. The drop in net income and EPS indicates potential short-term negative impact on stock price.
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