Clear Channel Outdoor Q2 EPS $(0.08) Misses $(0.06) Estimate, Sales $637.24M Miss $639.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
Clear Channel Outdoor (NYSE:CCO) reported Q2 losses of $(0.08) per share, missing the analyst consensus estimate of $(0.06) by 28.33 percent. This is a 14.44 percent increase over losses from the same period last year. The company also reported quarterly sales of $637.24 million, missing the analyst consensus estimate of $639.87 million by 0.41 percent, a 0.95 percent decrease over sales from the same period last year.
August 07, 2023 | 10:06 am
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Clear Channel Outdoor's Q2 earnings missed analyst estimates, with a higher loss per share and lower sales than expected.
Clear Channel Outdoor's Q2 earnings report shows a higher loss per share and lower sales than analysts expected. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100