Advanstar reports lower revenue, higher earnings

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Boston--Advanstar Communications Inc. Friday posted second-quarter revenue of $63.3 million, down 16.1% from $75.5 million a year earlier. Adjusted earnings before income taxes, depreciation and amortization totaled $10.6 million, up 13.3%, from $9.3 million a year earlier. Revenue for the first half of this year totaled $172.7 million, down 15.4% from $204.1 million for the same period last year. Adjusted EBITDA of $49.8 million was down 8.0% from $54.1 million in last year's first half.
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