Market Overview

UPDATE: Lamar Advertising Posts Upbeat Q2 Revenue

Related LAMR
Citi Downgrades Lamar Advertising, Growth Will Prove A Challenge
Stocks Hitting 52-Week Highs
Lamar Advertising higher on raised price targets (Seeking Alpha)

Lamar Advertising Co (NASDAQ: LAMR) posted upbeat second-quarter revenue, but issued downbeat forecast for the third quarter.

Lamar Advertising expects Q3 revenue of $303 million to $306 million, versus analysts' estimates of $307.1 million.

Lamar Advertising's quarterly net income climbed to $13.9 million, or $0.15 per share, versus $11.4 million, or $0.12 per share, in the year-ago period.

Its revenue gained 3.9% to $304.9 million. However, analysts were expecting earnings of $0.15 per share on revenue of $304 million.

Lamar Advertising shares closed at $31.50 yesterday.

Posted-In: profitEarnings News Guidance


Related Articles (LAMR)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→