Clear Channel Outdoor (CCO) Reports Q4 Loss, Tops Revenue Estimates

Clear Channel Outdoor (CCO) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.01. This compares to a loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -175.19%. A quarter ago, it was expected that this outdoor advertising company would post a loss of $0.04 per share when it actually produced a loss of $0.03, delivering a surprise of +25%.Over the last four quarters, the com ...