Outfront Media (OUT) Misses Q2 AFFO by 2c

Outfront Media (NYSE: OUT) reported Q2 AFFO of $0.59, $0.02 worse than the analyst estimate of $0.61. Revenue for the quarter came in at $385.3 million versus the consensus estimate of $380.66 million.

"Performance this quarter reflected good execution with organic revenues up 4.3% and AFFO up 13.4%," said Jeremy Male, Chairman and Chief Executive Officer of OUTFRONT Media. "We're particularly pleased with our organic U.S. Media growth at 4.9%, which was driven by continued improvement in our billboard markets alongside a strong market for transit advertising - both indicators that we are successfully connecting the right target audiences with our advertisers."

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

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