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Stock impact report

Lamar (LAMR) Stock Declines 2.4% Despite Q4 AFFO & Revenues Beat [Yahoo! Finance]

Lamar Advertising Company - Class A (LAMR) 
Last lamar advertising company - class a earnings: 2/20 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: lamar.com/about/investors
Company Research Source: Yahoo! Finance
The figure also compared favorably with the prior-year quarter's tally of $1.91. Results reflect year-over-year growth in the top line. However, higher interest expenses during the quarter acted as a dampener. Probably because of negative sentiments, shares of the company lost 2.44% on the Feb 23 normal trading session on the NYSE despite better-than-expected results. Quarterly net revenues of $555.9 million increased 3.8% on a year-over-year basis and beat the consensus mark of $549.8 million. Per the company's chief executive, Sean Reilly, “Revenue growth accelerated as we moved through the fourth quarter, primarily because of strength in local sales. The result is that we achieved $7.47 in full-year AFFO per diluted share, easily beating our revised guidance range for 2023. For 2024, we are projecting further growth in AFFO, with a range of $7.67 to $7.82 per diluted share.” For the full-year 2023, the AFFO per share came in at $7.47, higher than the prior-year tally of $7. Show less Read more
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