UPDATE: Lamar Advertising Reports Strong Rise In Q3 Earnings

Lamar Advertising Co (NASDAQ: LAMR) reported a surge in its third-quarter earnings.

Lamar Advertising expects Q4 revenue of $284 million, versus analysts' estimates of $282 million.

Lamar Advertising's quarterly earnings climbed to $3.9 million, or $0.04 per share, from $690,000, or a penny per share, in the year-ago period. However, analysts were expecting a profit of $0.07 per share. Its revenue gained 3.7% to $296.7 million. The company earlier projected revenue of $293 million.

Lamar Advertising's operating margin surged to 18.7% from 16.3%.

Lamar Advertising shares closed at $21.03 yesterday.