OUTFRONT Media Reports First Quarter 2017 Results
OUTFRONT Media Inc. (OUT)
Last outfront media inc. earnings: 2/25 04:03 pm
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US:NYSE Investor Relations:
investor.outfrontmedia.com/who-we-are/investor-relations/default.aspx
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Source: PR Newswire
NEW YORK, May 3, 2017 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) today reported results for the quarter ended March 31, 2017. "As anticipated, first quarter revenues came in down 2.2% as a result of a challenging national advertising market, particularly in the automotive category," said Jeremy Male, Chairman and Chief Executive Officer of OUTFRONT Media. "While we are seeing some continued national softness in the second quarter, our local business is solid, our expense control is good, and we're investing strategically in the right areas for future growth. These are all key ingredients for leveraging an improvement in national advertising, which we are seeing in the second half of the year." First Quarter ResultsThree Months Ended March 31,$ in Millions, except per share amounts20172016Revenues$330.6$348.4Organic Revenues328.5335.8Operating Income26.024.2Adjusted OIBDA80.288.1Net Income (Loss)2.5(2.3)Earnings per Share1$0.02($0.02)Funds From Operations (
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