Clear Channel Outdoor (CCO) Reports Q1 Loss, Lags Revenue Estimates

Clear Channel Outdoor (CCO) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of$0.13. This compares to loss of $0.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.38$0.01 per share when it actually produced a loss of $0.01, delivering a surprise of -200%.Over the last four quarters ...