Clear Channel Outdoor Holdings Turns To Profit In Q2 - Quick Facts

(RTTNews) - Clear Channel Outdoor Holdings, Inc. (CCO) reported second quarter net income attributable to the company of $8.91 million or $0.02 per share, compared to a loss of $8.12 million or $0.02 per share, last year.

On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.02 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $766.87 million, up 1 percent from $761.33 million last year. Total revenues increased 2% adjusting for the effects of foreign exchange movements, as well as a $9 million impact from the divestiture of businesses during the third quarter of 2012. Analysts expected revenue of $753.10 million for the quarter.