Clear Channel Outdoor shares are trading lower after the company reported worse-than-expected Q2 financial results and issued Q3 revenue guidance below the consensus estimate.
Portfolio Pulse from Benzinga Newsdesk
Clear Channel Outdoor reported worse-than-expected Q2 financial results and issued Q3 revenue guidance below the consensus estimate, causing its shares to trade lower.
August 07, 2023 | 12:54 pm
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Clear Channel Outdoor's Q2 results and Q3 guidance fell short of expectations, leading to a decrease in its stock price.
Clear Channel Outdoor's worse-than-expected Q2 results and lower Q3 guidance indicate potential financial instability, which is likely to negatively impact investor sentiment and drive the stock price down in the short term.
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