Clear Channel Outdoor (CCO) Reports Q1 Loss, Tops Revenue Estimates

Clear Channel Outdoor (CCO) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of$0.18. This compares to loss of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.56$0.04 per share when it actually produced earnings of $0.05, delivering a surprise of 25%.Over the last four quarters, ...