* Q2 loss/shr $1.94 vs. EPS $0.23 a year ago
* Revenue down 24 pct * Q2 impairment charge of $812.4 mln
Aug 10 (Reuters) - Outdoor advertising company Clear Channel Outdoor Holdings Inc swung to a quarterly loss, hurt by a fall in revenue and an impairment charge.
The company reported second-quarter loss of $689.1 million, or $1.94 a share, compared with earnings of $80.3 million, or $0.23 a share, in the year-ago period.
Revenue fell 24 percent to $692.1 million.
The company said the latest quarter included an impairment charge of $812.4 million related to goodwill and permits.
Analysts on average were expecting earnings of 1 cent a share, excluding exceptional items, on revenue of $725.6 million, according to Reuters Estimates.
Shares of the San Antonio, Texas-based company closed at $6.57 Monday on the New York Stock Exchange.
(Reporting by Bijoy Koyitty in Bangalore; Editing by Anil D'Silva) Keywords: CLEARCHANNELOUTDOOR/ (bijoy.koyitty@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: bijoy.koyitty.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Revenue down 24 pct * Q2 impairment charge of $812.4 mln
Aug 10 (Reuters) - Outdoor advertising company Clear Channel Outdoor Holdings Inc swung to a quarterly loss, hurt by a fall in revenue and an impairment charge.
The company reported second-quarter loss of $689.1 million, or $1.94 a share, compared with earnings of $80.3 million, or $0.23 a share, in the year-ago period.
Revenue fell 24 percent to $692.1 million.
The company said the latest quarter included an impairment charge of $812.4 million related to goodwill and permits.
Analysts on average were expecting earnings of 1 cent a share, excluding exceptional items, on revenue of $725.6 million, according to Reuters Estimates.
Shares of the San Antonio, Texas-based company closed at $6.57 Monday on the New York Stock Exchange.
(Reporting by Bijoy Koyitty in Bangalore; Editing by Anil D'Silva) Keywords: CLEARCHANNELOUTDOOR/ (bijoy.koyitty@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: bijoy.koyitty.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.