Emmis Communications Corp. announced unaudited consolidated earnings results for third quarter and nine months ended November 30, 2016. For the quarter, the company reported total net revenues of $56,299,000 against total net revenues of $59,614,000 a year ago. Operating income was $23,835,000 against operating income of $11,618,000 a year ago. Income before income taxes was $18,886,000 against income before income taxes of $6,857,000 a year ago. Net income attributable to the company was $17,676,000 against net income attributable to the company of $5,548,000 a year ago. Diluted per share of $1.43 against diluted per share of $0.47 a year ago. Capital expenditures were $692,000 against capital expenditures of $662,000 a year ago. Operating income rose due to a gain on the sale of Texas Monthly, which closed during the third quarter.

For the nine months, the company reported Total net revenues of $171,075,000 against total net revenues of $180,549,000 a year ago. Operating income of $37,407,000 against operating income of $29,117,000 a year ago. Income before income taxes of $23,142,000 against income before income taxes of $15,703,000 a year ago. Net income attributable to the company of $20,697,000 against net income attributable to the company of $11,467,000 a year ago. Diluted per share of $1.7 against diluted per share of $0.97 a year ago. Capital expenditures of $1,403,000 against capital expenditures of $1,943,000 a year ago.

For the full year of 2017, the company expects to invest approximately $3.5 million in capital expenditures.