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Clear Channel Outdoor Reports Profitable Q4

SAN ANTONIO (CelebrityAccess) — Clear Channel Outdoor Holdings Inc. reported fourth-quarter earnings of $43.3 million. This represents a per-share profit of 12 cents for Clear Channel's outdoor advertising operation.

The company also reported revenue of $802 million, in line with analyst expectations for the quarter.

The quarter's earnings helped to narrow the annual loss for the company to $9.6 million on revenue of $2.96 billion.

Clear Channel Outdoor focuses on outdoor signage, including Billboards and electronic signs. – Staff Writers