Market Overview

UPDATE: Lamar Advertising Posts Upbeat Q2 Revenue

Related LAMR
Reilly Appointed to the NAREIT Advisory Board of Governors
Key Takeaways From The REITWeek 2015 Specialty REIT Panel Discussion

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)

Get Benzinga's Newsletters