OUTFRONT Media's Q3 AFFO Beats Estimates, Revenues Miss
OUTFRONT Media(OUT) ZACKS·2024-11-15 00:05
OUTFRONT Media Inc. (OUT) shares have risen 3.6% following its third-quarter 2024 results announced on Nov. 12. Adjusted funds from operations (AFFO) per share of 48 cents surpassed the Zacks Consensus Estimate of 43 cents. The metric increased 4.3% from the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflect higher average revenue per display (yield) across its portfolio and lower operating expenses.However, quarterly revenues came in at $451.9 millio ...