Clear Channel Outdoor: Q4 Earnings Snapshot

SAN ANTONIO (AP) — SAN ANTONIO (AP) — Clear Channel Outdoor Holdings Inc. (CCO) on Monday reported fourth-quarter profit of $24.8 million.

The San Antonio-based company said it had profit of 5 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The outdoor advertising company posted revenue of $632.1 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $611.6 million.

For the year, the company reported that its loss widened to $310.9 million, or 65 cents per share. Revenue was reported as $2.13 billion.

For the current quarter ending in March, Clear Channel Outdoor said it expects revenue in the range of $465 million to $490 million.

The company expects full-year revenue in the range of $2.2 billion to $2.26 billion.

The company's shares closed at $1.88. A year ago, they were trading at $1.57.

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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