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0 0 0 0.00882552613713515 -0.0244399185336048 -0.00678886625933467 0.00882552613713515 0.0047522063815343
Stock impact report

Why Outfront Media Stock Jumped Today [Yahoo! Finance]

OUTFRONT Media Inc. (OUT) 
Last outfront media inc. earnings: 2/25 04:03 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Outfront overcame headwinds including the Hollywood writers' and actors' strikes, and weakness in the transit advertising market to send the stock up 17.4% as of 3:08 p.m. ET Thursday. Outfront stays current Overall revenue growth for Outfront Media was modest, up 1.3% to $501.2 million, but that was better than estimates of $495.9 million. Growth was driven by higher average revenue per display, and billboard revenue rose 2.6% in the period. However, that was offset by a 4% decline in its transit and other categories due to falling prices. The company took an impairment charge earlier in the year on its transit business, signaling that that property is worth less than it had earlier estimated. On the bottom line, its adjusted operating income before depreciation and amortization (OIBDA) fell 1.3% to $151.7 million, but investors still seemed to be happy with that level of profitability. Earnings per share improved from $0.34 to $0.35, though that was a penny short of estimat Show less Read more
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