Market Currents

• Monday, November 9, 2009

• 16:36 PM Clear Channel Outdoor (CCO): Q3 EPS of -$0.10 misses by $0.02. Revenue of $661M (-19%) vs. $665M. (PR) Comment!
• 00:10 AM Notable postmarket earnings: ARNA, CCO, ERTS, FLR, HOLX, LGF, LYV, MBI, MDR, PCLN, QGEN, RAX, SLW, SQNM Comment!

• Monday, May 11, 2009

• 08:33 AM Ad woes, first seen in print media, then TV, have now spread to billboards: Clear Channel Outdoor (CCO) this morning swung to a Q1 loss, with EPS of -$0.25, exceeding the $0.18 loss expected, on a 25% drop in revenue. On Thursday, rival CBS (CBS) said its billboard business, which had been its most reliable growth area, swung to a loss and saw revenue slump 24%. Comment!

• Monday, November 10, 2008

• 07:06 AM Clear Channel Outdoor (CCO): Q3 EPS of $0.06 misses by $0.07. Revenue of $813M (-0.5%) vs. $838M. (PR) Comment!

• Monday, August 11, 2008

• 07:13 AM Clear Channel Outdoor (CCO): Q2 EPS of $0.23 beats by $0.04. Revenue of $915M (+9.3%) vs. $864M. [PR] Comment!