Investing.com - Clear Channel reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Clear Channel announced earnings per share of $-0.084 on revenue of $602.91M. Analysts polled by Investing.com anticipated EPS of $-0.040 on revenue of $610.81M.
Clear Channel shares are down 35% from the beginning of the year and are trading at $1.125 , down-from-52-week-high.
Clear Channel shares lost 7.02% in intra-day trade the report.
Clear Channel follows other major Communication Services sector earnings this month
Clear Channel's report follows an earnings missed by Alphabet C on October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on October 26 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar