NEW YORK (TheStreet) -- Shares of Cumulus Media Inc. (CMLS) - Get Cumulus Media, Inc. Class A Report are down by 13.97% to $3.45 on heavy volume in mid-morning trading on Tuesday, after the company reported its 2014 fourth quarter earnings results which fell short of what analysts were expecting for the period and declined year-over-year.
For the most recent quarter the owner and operator of radio stations across the U.S. said its net income was $3.4 million, or 2 cents per share compared to the $150.9 million, or 66 cents per share for the 2013 fourth quarter.
Analysts were expecting earnings of 9 cents per share for the latest fourth quarter.
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Revenue grew by 19.5% to $329.2 million versus the $275.5 million posted for the same period last year.
Analysts were expecting revenue of $333.20 million for the 2014 fourth quarter.
Separately, TheStreet Ratings team rates CUMULUS MEDIA INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate CUMULUS MEDIA INC (CMLS) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow."
You can view the full analysis from the report here: CMLS Ratings Report