SAN ANTONIO (AP) — SAN ANTONIO (AP) — Clear Channel Outdoor Holdings Inc. (CCO) on Thursday reported fourth-quarter earnings of $8 million.
The San Antonio-based company said it had net income of 2 cents per share. Losses, adjusted to account for discontinued operations, were 1 cent per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The outdoor advertising company posted revenue of $461.5 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $448.2 million.
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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
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