Lamar Advertising (LAMR) Tops Q3 EPS by 9c, Beats on Revenues

Lamar Advertising (NASDAQ: LAMR) reported Q3 EPS of $0.98, $0.09 better than the analyst estimate of $0.89. Revenue for the quarter came in at $399.3 million versus the consensus estimate of $392.11 million.

Three Month Results

• Net revenue increased 3.1% to $399.3 million
• Net income was $96.3 million, an increase of 13.2%
• Adjusted EBITDA increased 3.1% to $182.8 million

Three Month Acquisition-Adjusted Results

• Acquisition-adjusted net revenue increased 1.0%
• Acquisition-adjusted EBITDA increased 1.8%

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

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