Lamar Advertising Q4 Results Top Estimates

RTTNews | 528 дней спустя
Lamar Advertising Q4 Results Top Estimates

(RTTNews) - Billboard firm Lamar Advertising Co. (LAMR) reported on Friday that net income for the fourth quarter surged to $149.3 million or $1.46 per share from $66.1 million or $0.65 per share in the prior-year quarter.

Funds from operations, or FFO, for the quarter were $213.7 million, compared to $195.2 million last year. Adjusted funds from operations, or AFFO, were $215.0 million or $2.10 per share, compared to $194.5 million or $1.91 per share in the year-ago quarter.

On average, three analysts polled by Thomson Reuters expected the company to report earnings of $1.35 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues for the quarter increased 3.8 percent to $555.9 million from $535.5 million in the same quarter last year. Analysts expected revenues of $547.66 million for the quarter.

Acquisition-adjusted net revenue for the fourth quarter increased 2.5 percent.

Looking ahead to fiscal 2024, the company now projects earnings in a range of $5.02 to $5.07 per share and AFFO in a range of $7.67 to $7.82 per share. The Street is looking for earnings of $5.19 per share for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Тэгов: LAMR
read more
Lamar Advertising Q4 Profit Halves

Lamar Advertising Q4 Profit Halves

Billboard firm Lamar Advertising Co. reported on Friday that profit for the fourth quarter nearly halved from last year, hurt by steeply higher depreciation and amortization expenses, despite an 8 percent revenue growth. The company also initiated financial guidance for the full-year 2023.
RTTNews | 892 дней спустя
Pound Eases Against Most Majors

Pound Eases Against Most Majors

The pound retreated against its most major counterparts in the New York session on Monday.
RTTNews | 1ч 18мин назад
Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

After an early sharp drop, the Switzerland market recovered some lost ground Monday morning, but stayed in negative territory right through the day's trading session, as investors largely stayed cautious, waiting for directional clues.
RTTNews | 2ч 39мин назад
U.S. Factory Orders Pull Back Sharply In June

U.S. Factory Orders Pull Back Sharply In June

After reporting a substantial increase by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back sharply in the month of June. The Commerce Department said factory orders dove by 4.8 percent in June after soaring by an upwardly revised 8.3 percent in May.
RTTNews | 6ч 34мин назад
Weak Jobs Data Limits Dollar's Rebound

Weak Jobs Data Limits Dollar's Rebound

A smaller-than expected addition to non-farm payrolls curtailed the dollar's rally fueled by a hawkish Fed stance, higher-than-expected PCE-inflation readings, as well as anxiety ahead of the U.S.-China trade talks and the looming trade tariff deadline.
RTTNews | 6ч 36мин назад
Eurozone Investor Sentiment Weakens Unexpectedly

Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.
RTTNews | 7ч 54мин назад
Bay Street Seen Opening On Cautious Note

Bay Street Seen Opening On Cautious Note

Canadian stocks may open on a mixed note on Monday with investors likely to stay cautious ahead of implementation of levies imposed by U.S. President Donald Trump, and a slew of earnings announcements due this week. Weak oil prices may weigh a bit.
RTTNews | 8ч 2мин назад