Lamar Advertising (LAMR) Reports In-Line Q3 EPS

Lamar Advertising (NASDAQ: LAMR) reported Q3 EPS of $0.37, in-line with the analyst estimate of $0.37. Revenue for the quarter came in at $335 million versus the consensus estimate of $332.3 million.

Adjusted FFO was $1.14, from $1.02 in the same period last year.

Third Quarter Highlights

• Same-unit digital billing grew 3.6%
• Local sales on billboards increased 3.8%
• Pro forma expense growth held to 2.0%
• Paid quarterly dividend of $0.83 per share

For earnings history and earnings-related data on Lamar Advertising (LAMR) click here.

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