Recap: Clear Channel Outdoor Q1 Earnings

 

Clear Channel Outdoor CCO reported its Q1 earnings results on Tuesday, May 10, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

Clear Channel Outdoor missed estimated earnings by 18.75%, reporting an EPS of $-0.19 versus an estimate of $-0.16.

Revenue was up $154.78 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.09 which was followed by a 7.23% drop in the share price the next day.

Here's a look at Clear Channel Outdoor's past performance:

 

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 0.04 -0.09 -0.22 -0.33
EPS Actual 0.13 -0.09 -0.27 -0.60
Revenue Estimate 741.45M 589.02M 496.42M 370.44M
Revenue Actual 742.71M 596.42M 531.08M 370.91M

To track all earnings releases for Clear Channel Outdoor visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsNewsBZI-Recaps
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