UPDATE: Lamar Advertising Posts Wider Q1 Loss

Lamar Advertising Co

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.