Clear Channel Outdoor: Q2 Earnings Snapshot

August 9, 2022 GMT

SAN ANTONIO (AP) _ Clear Channel Outdoor Holdings Inc. (CCO) on Tuesday reported a loss of $65.7 million in its second quarter.

The San Antonio-based company said it had a loss of 14 cents per share. Losses, adjusted for pretax expenses and asset impairment costs, came to 4 cents per share.

The outdoor advertising company posted revenue of $643.4 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $642.1 million.

The company’s shares closed at $1.65. A year ago, they were trading at $2.55.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCO at https://www.zacks.com/ap/CCO