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-0.000826230648808478 -0.00104365976691602 -0.00217429118107497 -0.00243520612280398 0.00213080535745351 0.000869716472429938 0.000869716472429938 0.000869716472429938
Stock impact report

Lamar (LAMR) Stock Rises on Q1 AFFO Beat, Revenues Rise Y/Y [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
funds from operations (AFFO) per share of $1.54, beating the Zacks Consensus Estimate of $1.52. The figure also compared favorably with the prior-year quarter's tally of $1.41. Results reflect year-over-year growth in the top line. However, higher interest expenses during the quarter acted as a dampener. Quarterly net revenues of $498.2 million increased 5.7% on a year-over-year basis and beat the consensus mark of $488.8 million. Per the company's chief executive, Sean Reilly, “Our first-quarter results exceeded our internal expectations, with particular strength in local sales. In addition, we returned to same-store growth in digital, and the rest of 2024 is shaping up well. As a result, we are raising our guidance for full-year diluted AFFO to a range of $7.75 to $7.90 per share.” Quarter in Detail Operating income of $124.6 million climbed 4.9% from the year-ago period's $118.8 million, while the adjusted EBITDA increased 7.1% to $211.9 million. Acquisition-adjusted ne Show less Read more
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