Clear Channel Outdoor (NYSE: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.
