Recap: Clear Channel Outdoor Q2 Earnings

Clear Channel Outdoor CCO reported its Q2 earnings results on Tuesday, August 9, 2022 at 07:00 AM.

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

Clear Channel Outdoor missed estimated earnings by 125.0%, reporting an EPS of $-0.09 versus an estimate of $-0.04.

Revenue was up $112.30 million from the same period last year.

Last quarter the company missed on EPS by $0.03 which was followed by a 5.67% drop in the share price the next day.

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

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	-0.16	0.04	-0.09	-0.22
EPS Actual	-0.19	0.13	-0.09	-0.27
Revenue Estimate	537.55M	741.45M	589.02M	496.42M
Revenue Actual	525.69M	742.71M	596.42M	531.08M

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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