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Lamar Advertising Misses Q3 AFFO Estimates, Raises 2024 Guidance
LAMRLamar(LAMR) ZACKS·2024-11-12 00:20

Shares of Lamar Advertising Company (LAMR) were up marginally on the Nov. 8 normal trading session on the Nasdaq after it reported third-quarter 2024 adjusted funds from operations (AFFO) per share of $2.15, which increased 5.4% year over year but missed the Zacks Consensus Estimate of $2.21.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflect year-over-year growth in the top line, though higher expenses acted as a dampener. The company experienced strength in local and p ...