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Stock impact report

Clear Channel Outdoor: Q4 Earnings Snapshot [Yahoo! Finance]

Clear Channel Outdoor Holdings, Inc. (CCO) 
Company Research Source: Yahoo! Finance
The San Antonio-based company said it had profit of 5 cents per share. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share. The outdoor advertising company posted revenue of $632.1 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $611.6 million. For the year, the company reported that its loss widened to $310.9 million, or 65 cents per share. Revenue was reported as $2.13 billion. For the current quarter ending in March, Clear Channel Outdoor said it expects revenue in the range of $465 million to $490 million. The company expects full-year revenue in the range of $2.2 billion to $2.26 billion. The company's shares closed at $1.88. A year ago, they were trading at $1.57. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks Show less Read more
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