Clear Channel Outdoor: 4Q Earnings Snapshot

·1 min read

SAN ANTONIO (AP) _ Clear Channel Outdoor Holdings Inc. (CCO) on Thursday reported a fourth-quarter loss of $32.1 million, after reporting a profit in the same period a year earlier.

The San Antonio-based company said it had a loss of 7 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.

The outdoor advertising company posted revenue of $541.4 million in the period.

For the year, the company reported that its loss widened to $582.7 million, or $1.25 per share. Revenue was reported as $1.85 billion.

The company's shares closed at $2.08. A year ago, they were trading at $2.52.


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