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Clear Channel Outdoor CCO reported its Q2 earnings results on Tuesday, August 9, 2022 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Clear Channel Outdoor missed estimated earnings by 125.0%, reporting an EPS of $-0.09 versus an estimate of $-0.04.
Revenue was up $112.30 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.03 which was followed by a 5.67% drop in the share price the next day.
Here’s a look at Clear Channel Outdoor’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.16 | 0.04 | -0.09 | -0.22 |
| EPS Actual | -0.19 | 0.13 | -0.09 | -0.27 |
| Revenue Estimate | 537.55M | 741.45M | 589.02M | 496.42M |
| Revenue Actual | 525.69M | 742.71M | 596.42M | 531.08M |
To track all earnings releases for Clear Channel Outdoor visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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Image and article originally from www.benzinga.com. Read the original article here.