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Lamar Advertising Company (LAMR) 2009 Q3 Operating Results
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Posted on 11/05/09 at 7:20am by Ben Zinga
Lamar Advertising Company (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announced the Company’s operating results for the third quarter ended September 30, 2009.
Lamar reported net revenues of $271.8M for the third quarter of 2009 versus $312.5M for the third quarter of 2008, a 13.0% decrease. Operating income for the third quarter of 2009 was $39.3M as compared to $53.2M for the same period in 2008.
There was a net loss of $4.8M for the third quarter of 2009 compared to net income of $1.8M for the third quarter of 2008.
Lamar Advertising (LAMR) Company is a leading outdoor advertising company currently operating over 150 outdoor advertising companies in 44 states, Canada and Puerto Rico, logo businesses in 21 states and the province of Ontario, Canada and over 60 transit advertising franchises in the United States, Canada and Puerto Rico.
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