Lamar Advertising (LAMR) Misses Q4 EPS by 3c

Lamar Advertising (NASDAQ: LAMR) reported Q4 EPS of $0.79, $0.03 worse than the analyst estimate of $0.82. Revenue for the quarter came in at $356 million versus the consensus estimate of $354.69 million.

For the fourth quarter of 2015, Funds From Operations, or FFO, decreased to $118.4 million as compared to $136.8 million for the same period in 2014, which is due to a one time non-cash tax benefit received in 2014 of $28.2 million for the reversal of tax expenses incurred as a C corporation prior to our fourth quarter 2014 REIT conversion. Adjusted Funds From Operations, or AFFO, for the fourth quarter of 2015 was $122.5 million compared to $117.3 million for the same period in 2014, a 4.5% increase. Diluted AFFO per share was $1.27 per share and $1.23 per share for the three months ended December 31, 2015 and 2014, respectively.

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

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