AP NEWS

Clear Channel Outdoor: 4Q Earnings Snapshot

February 27, 2020 GMT

SAN ANTONIO (AP) _ Clear Channel Outdoor Holdings Inc. (CCO) on Thursday reported fourth-quarter net income of $27.1 million.

The San Antonio-based company said it had profit of 6 cents per share.

The outdoor advertising company posted revenue of $745.2 million in the period.

For the year, the company reported that its loss widened to $363.3 million, or 88 cents per share. Revenue was reported as $2.68 billion.

The company’s shares closed at $1.99. A year ago, they were trading at $5.57.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCO at https://www.zacks.com/ap/CCO