OUTFRONT Media's Q3 AFFO Beats Estimates, Revenues Miss
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OUTFRONT Media's Q3 results show a beat in AFFO estimates due to higher average revenue per display and lower operating expenses, although revenues missed expectations.
November 14, 2024 | 4:15 pm
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NEUTRAL IMPACT
OUTFRONT Media's Q3 AFFO exceeded estimates due to increased average revenue per display and reduced operating expenses, but overall revenues fell short of expectations.
The positive AFFO results are offset by the revenue miss, leading to a neutral short-term impact on the stock price. Investors may be encouraged by cost management but concerned about revenue growth.
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RELEVANCE 100