SAN ANTONIO (AP) _ Clear Channel Outdoor Holdings Inc. (CCO) on Tuesday reported a loss of $39.8 million in its third quarter.

The San Antonio-based company said it had a loss of 8 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The outdoor advertising company posted revenue of $602.9 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $602.3 million.

The company's shares closed at $1.21. A year ago, they were trading at $3.30.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCO at https://www.zacks.com/ap/CCO

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