Lamar Advertising Earnings Cheat Sheet: Narrows Loss As Revenues Rise
Lamar Advertising Company’s (NASDAQ:LAMR) first quarter loss narrowed, beating estimates. 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.
Lamar Advertising Company Earnings Cheat Sheet for the First Quarter
Results: Loss narrowed to $13.2 million (loss of 14 cents/diluted share) from $24.8 million (loss of 27 cents/share) in the same quarter a year earlier.
Revenue: Rose 4.5% to $255.2 million YoY.
Actual vs. Wall St. Expectations: LAMR beat the mean analyst estimate of a loss of 21 cents/share. Estimates ranged from a loss of 19 cents per share to a loss of 22 cents per share.
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), CBS (NYSE:CBS), and interCLICK Inc (NASDAQ:ICLK)
Stock Performance: Shares of LAMR are trading at $32.03 as of May 4, 2011 at 8:46 AM ET, unchanged from the previous close.