Clear Channel Outdoor (CCO) Reports Q2 Loss, Misses Revenue Estimates

Clear Channel Outdoor (CCO) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of$ 0.04. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this outdoor advertising company would post a loss of$ 0.18 per share when it actually produced a loss of $0.17, delivering a surprise of 5.56%. Over the last four quarters, ...