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Stock impact report

OUTFRONT Media Stock Down Despite Q3 AFFO & Revenue Beat [Yahoo! Finance]

OUTFRONT Media Inc. (OUT) 
Last outfront media inc. earnings: 2/25 04:03 pm Check Earnings Report
Company Research Source: Yahoo! Finance
This compares favorably with the FFO of 49 cents a year ago. Results reflected a rise in transit revenues, led by an increase in average revenue per display (yield) and a higher adjusted OIBDA margin. However, a decline in billboard revenues affected the growth tempo to some extent. OUT shares plummeted 6.36% in the pre-market trading session. Quarterly revenues came in at $467.5 million, surpassing the Zacks Consensus Estimate of $456.6 million. Moreover, the top line increased 3.5% year over year. OUT's Third Quarter in Detail During the reported quarter, billboard revenues were $352.8 million, reflecting a year-over-year decline of 2.2%. The fall was due to the impact of lost billboards and lower proceeds from condemnations in the period, partially offset by an increase in average revenue per display (yield), including the impact of programmatic platforms on digital billboard revenues. Our estimate was pegged at $355.2 million. The company's transit revenues of $112.4 mil Show less Read more
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