Clear Channel Outdoor Q2 EPS $(0.02) Misses $(0.01) Estimate, Sales $438.040M Beat $426.067M Estimate
Clear Channel Outdoor (NYSE:CCO) reported quarterly losses of $(0.02) per share which missed the analyst consensus estimate of $(0.01) by 100 percent. This is a 50 percent increase over losses of $(0.04) per share from
Clear Channel Outdoor lost more money per share than experts expected, even though they sold more stuff than predicted. When a company loses more money than people thought, it tells you the business is struggling harder than the good news about sales might suggest.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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