Clear Channel Sees Q3 Revenues Of $628M-$653M Vs. $656.19M Estimate; Revises FY24 Revenues To $2.222B-$2.247B (From $2.215B-$2.275B) Vs. $2.252B Estimate
Portfolio Pulse from Benzinga Newsdesk
Clear Channel has revised its Q3 revenue guidance to $628M-$653M, below the $656.19M estimate. The FY24 revenue guidance is adjusted to $2.222B-$2.247B, compared to the $2.252B estimate.
October 31, 2024 | 10:10 am
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NEGATIVE IMPACT
Clear Channel's revised Q3 and FY24 revenue guidance falls below analyst estimates, indicating potential challenges in meeting market expectations.
The revised revenue guidance for both Q3 and FY24 is below analyst estimates, which could lead to negative sentiment among investors and potential short-term stock price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100