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Lamar's (LAMR) Stock Rises on Q2 AFFO and Revenue Beat
LAMRLamar(LAMR) ZACKS·2024-08-09 23:21

Shares of Lamar Advertising Company (LAMR) gained more than 2% on the Aug 8 normal trading session on the Nasdaq after it reported second-quarter 2024 adjusted funds from operations (AFFO) per share of $2.08, which beat the Zacks Consensus Estimate of $2.07. The figure also compared favorably with the prior-year quarter's tally of $1.90. Results reflect year-over-year growth in the top line, which was partly offset by higher interest expenses. The company's solid revenue growth was driven by continued stron ...