Clear Channel Outdoor Holdings (CCO) Reports Q3 Revenues Miss

Clear Channel Outdoor Holdings (NYSE: CCO) reported Q3 revenue for the quarter came in at $653.45 million versus the consensus estimate of $659.15 million.

"In our first full quarter as an independent company, we continue to successfully execute on our strategic plan. Our largest business segment delivered strong growth, and we strengthened our capital structure and cash flow generation," said William Eccleshare, Worldwide Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. "Specifically, our Americas revenue grew more than 8% year-over-year in the third quarter, including double-digit growth in digital revenue. We continue to benefit from our technological transformation, most particularly the development of our proprietary CCO RADAR tools, and the positive audience trends for the outdoor medium.

For earnings history and earnings-related data on Clear Channel Outdoor Holdings (CCO) click here.

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