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-0.00100772589855563 -0.00100772589855563 -0.00100772589855563 -0.00134363453140755 0.00167954316425923 0.00571044675848163 0.00571044675848163 0.00571044675848163
Stock impact report

OUTFRONT Media (OUT) Q1 AFFO Meets Estimates, Revenues Up Y/Y [Yahoo! Finance]

OUTFRONT Media Inc. (OUT) 
Last outfront media inc. earnings: 2/25 04:03 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The rise in billboard revenues in the quarter aided decent year-over-year top-line growth. However, higher interest expense and operating expenses acted as a dampener. Reflecting the negative sentiments of investors, shares of the company have lost 5.92% in the May 3 normal trading session on the NYSE. Quarterly revenues came in at $408.5 million, missing the Zacks Consensus Estimate of $408.8 million. On a year-over-year basis, AFFO per share increased significantly and revenues rose 3.2%. According to Jeremy Male, chairman and CEO of OUTFRONT Media, “Strong local trends drove solid first-quarter financial results, with total revenue up over 3% and Adjusted OIBDA up 10%. It was particularly pleasing to see good growth in transit during the period, and encouragingly, this trend has continued into the second quarter.” Quarter in Detail During the reported quarter, billboard revenues were $328.8 million, reflecting year-over-year growth of 2.6%. The upside resulted mainly due Show less Read more
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