Lamar Advertising Co. (NASDAQ:LAMR) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Lamar Advertising Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.07 in the quarter versus EPS of $-0.25 in the year-earlier quarter.
Revenue: Rose 6.48% to $283.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Lamar Advertising Co. reported adjusted EPS loss of $0.07 per share. By that measure, the company missed the mean analyst estimate of $-0.03. It missed the average revenue estimate of $283.8 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…