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Corus Entertainment Swings to Q3 Adjusted Loss of C$0.15

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Corus Entertainment (CJR-B.TO) reported an adjusted loss of C$0.15 per diluted share for the quarter ended May 31, compared with adjusted earnings of C$0.06 per share, for the prior year period.

Analysts polled by FactSet had expected a loss of C$0.04 per share.

The media company said total revenue fell 16% to C$249.4 million, which missed analysts' expectation of C$257.7 million.

The company ended the quarter with C$56.8 million of cash and cash equivalents and C$15 million available under its revolving facility.

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