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Market Impact: 0.22

Clear Channel Outdoor (CCO) Reports Q1 Loss, Tops Revenue Estimates

CCO
Corporate EarningsAnalyst EstimatesCompany Fundamentals

Clear Channel Outdoor reported a quarterly loss of $0.10 per share, slightly worse than the Zacks Consensus Estimate of a $0.09 loss. That compares with a loss of $0.11 per share a year ago, indicating modest year-over-year improvement despite the small earnings miss. The release is routine earnings news and is unlikely to have a large market-wide impact.

Analysis

Clear Channel Outdoor reported a quarterly loss of $0.10 per share, slightly worse than the Zacks Consensus Estimate of a $0.09 loss. That compares with a loss of $0.11 per share a year ago, indicating modest year-over-year improvement despite the small earnings miss. The release is routine earnings news and is unlikely to have a large market-wide impact.

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Market Sentiment

Overall Sentiment

neutral

Sentiment Score

-0.08

Ticker Sentiment

CCO-0.18