Lamar Advertising (LAMR) Tops Q2 EPS by 1c

Lamar Advertising (NASDAQ: LAMR) reported Q2 EPS of $0.84, $0.01 better than the analyst estimate of $0.83. Revenue for the quarter came in at $387.5 million versus the consensus estimate of $384.09 million.

For the second quarter of 2016, Funds From Operations, or FFO, was $130.2 million versus $104.4 million for the same period in 2015, an increase of 24.6%. Adjusted Funds From Operations, or AFFO, for second quarter of 2016 was $133.7 million compared to $118.0 million for the same period in 2015, a 13.3% increase. Diluted AFFO per share increased 12.3% to $1.37 per share for the three months ended June 30, 2016 as compared to $1.22 per share for the same period in 2015.

For earnings history and earnings-related data on Lamar Advertising (LAMR) click here.

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