Lamar Advertising (LAMR) Surpasses Q2 FFO and Revenue Estimates

Lamar Advertising (LAMR) came out with quarterly funds from operations (FFO) of $2.08 per share, beating the Zacks Consensus Estimate of$ 2.07 per share. This compares to FFO of $1.90 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 0.48%. A quarter ago, it was expected that this outdoor and transit advertising company would post FFO of$ 1.52 per share when it actually produced FFO of $1.54, delivering a surprise of 1.32%. Over the ...