Outfront Media (OUT) Tops Q1 EPS by 3c, Revenues Beat

Outfront Media (NYSE: OUT) reported Q1 EPS of $0.04, $0.03 better than the analyst estimate of $0.01. Revenue for the quarter came in at $385.3 million versus the consensus estimate of $377.4 million.

"Positive momentum in 2019 carried into the first quarter of 2020, despite the impact from the COVID-19 pandemic on our business during March," said Jeremy Male, Chairman and Chief Executive Officer of OUTFRONT Media. "As we move forward, our business will see significant impacts from the pandemic ahead of early signs of improvement we are seeing in audience trends. Recognizing this challenging economic period, we moved quickly to enhance our liquidity, relieve our expense base and cash outflows and, importantly, position ourselves to emerge with financial flexibility as the crisis passes."

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

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