Lamar Advertising Company Earnings Cheat Sheet: Streak of Two Straight Losses Snapped

Lamar Advertising Company (NASDAQ:LAMR) climbed to a profit in the second quarter and beat Wall Street’s expectations in the process. Lamar Advertising Company is an outdoor advertising company in the United States that operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.

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Lamar Advertising Company Earnings Cheat Sheet for the Second Quarter

Results: Swung to a profit of $11.4 million (12 cents per diluted share) in the quarter. Lamar Advertising Company had a net loss of $8.9 million or a loss of 10 cents per share in the year earlier quarter.

Revenue: Rose 2.4% to $293.3 million from the year earlier quarter.

Actual vs. Wall St. Expectations: LAMR beat the mean analyst estimate of 7 cents per share. Analysts were expecting revenue of $295.9 million.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 4.5% to $255.2 million in the first quarter. The figure rose 5.1% in the fourth quarter of the last fiscal year from the year earlier and climbed 5.3% in the third quarter of the last fiscal year from the year-ago quarter.

The company beat estimates last quarter after falling short in the previous two quarters. In the first quarter, it missed the mark by one cent, and in the fourth quarter of the last fiscal year, it fell short by one cent.

LAMR’s profit in the latest quarter follows losses in the previous two quarters. The company reported a net loss of $13.2 million in the first quarter and a loss of $7.1 million in the fourth quarter of the last fiscal year.

Competitors to Watch: Clear Channel Outdoor Hldgs., Inc. (NYSE:CCO), AirMedia Group Inc. (NASDAQ:AMCN), Focus Media Holding Ltd. (NASDAQ:FMCN), National CineMedia, Inc. (NASDAQ:NCMI), Omnicom Group Inc. (NYSE:OMC), Interpublic Group of Companies, Inc. (NYSE:IPG), VisionChina Media Inc (NASDAQ:VISN), ValueClick, Inc. (NASDAQ:VCLK), Inuvo, Inc. (AMEX:INUV), and interCLICK Inc (NASDAQ:ICLK).

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(Source: Xignite Financials)