Benzinga | Aug 7, 2020 07:22AM EDT

Clear Channel Outdoor: Q2 Earnings Insights

Shares of Clear Channel Outdoor (NYSE:CCO) rose 1.0% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 2900.00% over the past year to ($0.30), which beat the estimate of ($0.38).

Revenue of $314,906,000 decreased by 54.89% from the same period last year, which missed the estimate of $322,970,000.

Looking Ahead

Clear Channel Outdoor hasn't issued any earnings guidance for the time being.

Clear Channel Outdoor hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Aug 07, 2020

Time: 08:30 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg30.jsp&referrer=https%3A%2F%2Finvestor.clearchannel.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2389235&sessionid=1&key=27F58B277AA6353C8994BF40F2BDD41C&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $3.10

Company's 52-week low was at $0.36

Price action over last quarter: Up 17.72%

Company Profile

Clear Channel Outdoor Holdings Inc is one of the world's largest outdoor advertising companies. The company is engaged in providing advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays for its clients. Its reportable segment includes Americas outdoor advertising and International outdoor advertising. The company generates a majority of its revenue from the Americas outdoor advertising.