Saga: Q4 Earnings Snapshot

GROSSE POINTE FARMS, Mich. (AP) _ Saga Communications Inc. (SGA) on Friday reported fourth-quarter profit of $2.3 million.

The Grosse Pointe Farms, Michigan-based company said it had net income of 38 cents per share.

The broadcasting company posted revenue of $28.8 million in the period.

For the year, the company reported a loss of $1.9 million, or 32 cents per share, swinging to a loss in the period. Revenue was reported as $95.8 million.

Saga shares have increased 3% since the beginning of the year. The stock has declined 6% in the last 12 months.


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

Categories: Business News