Clear Channel Outdoor Q1 Sales $481.75M Beat $478.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Clear Channel Outdoor (CCO) reported Q1 sales of $481.75M, surpassing the analyst consensus estimate of $478.55M by 0.67%. However, this represents an 11.68% decrease from the previous year's sales of $545.43M.
May 09, 2024 | 10:04 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Clear Channel Outdoor's Q1 sales exceeded estimates but showed a significant year-over-year decline.
While beating sales estimates typically has a positive impact on stock prices, the significant year-over-year decline in sales may temper investor enthusiasm. The mixed results suggest a neutral short-term impact on CCO's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100