UPDATE: Lamar Advertising Posts Better-Than-Expected Q4 Results, Issues Upbeat Q1 Revenue Forecast

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Lamar Advertising Co
LAMR
posted upbeat fourth-quarter results, and issued strong revenue forecast for the first quarter. Lamar Advertising projects Q1 revenue of around $264 million, versus analysts' expectations of $262.2 million. Lamar Advertising's quarterly net income climbed to $6.4 million, or $0.07 per share, versus a loss of $7.1 million, or $0.08 per share, in the year-ago period. Its revenue surged to $288.2 million from $275.7 million. Analysts were projecting earnings of $0.01 per share on revenue of $284.1 million. Lamar Advertising shares closed at $31.49 yesterday.
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Posted In: EarningsNewsGuidanceEarnings
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