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Lamar Advertising Co
LAMR posted a wider first-quarter loss.
Lamar posted a quarterly loss of $22.8 million, or $0.25 per share, versus a year-ago loss of $13.2 million, or $0.14 per share. However, analysts were expecting a loss of $0.14 per share.
Lamar's revenue climbed 4.3% to $266.2 million. The company in February expected revenue of $264 million.
Its operating margin declined to 9.7% from 10%.
For the current quarter, Lamar expects revenue of about $303 million, versus analysts' estimates of $305 million.
Lamar shares closed at $31.80 yesterday.
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