Outfront Media (OUT) Tops Q3 EPS by 3c, Revenues Beat

Outfront Media (NYSE: OUT) reported Q3 EPS of $0.33, $0.03 better than the analyst estimate of $0.30. Revenue for the quarter came in at $414.2 million versus the consensus estimate of $404.93 million.

"Financial performance was strong during the third quarter, with total revenues up 5.6%, Adjusted OIBDA up 7.0%, and AFFO up 10.5%," said Jeremy Male, Chairman and Chief Executive Officer of OUTFRONT Media. "We again saw an impressive increase in local advertising revenues and a return to growth in national, while our digital transformation continues with revenues up double-digits. We feel increasingly positive about our strategic position and we are looking forward to a robust fourth quarter."

For earnings history and earnings-related data on Outfront Media (OUT) click here.

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