Clear Channel Misses Estimates (CCO)

Clear Channel Outdoor Holdings Inc. CCO reports Q3 earnings loss of $0.10 versus consensus of $0.02 loss. Clear Channel Outdoor Holdings Inc. reports revenues of $695.1 million versus consensus of $698.37 million. Mark Mays, CEO of Clear Channel Outdoor, commented: "Positive operating trends accelerated across our operations during the third quarter, as we capitalized on our exceptional reach, growing digital footprint and focus on driving innovative solutions for our advertising partners. Our efforts during the past two years to realign our organization to achieve profitable growth are clearly paying off. This is an exciting time for our company, as we believe we are well positioned to deliver increased returns from our operations to the benefit of our shareholders." Shares of CCO are higher in the after-hours by 1.24%.