Lamar Q4 AFFO Meets Estimates, Revenues Miss, Stock Down 7.3%

Lamar Advertising Company (LAMR) reported fourth-quarter 2024 adjusted funds from operations (AFFO) per share of $2.21, which met the Zacks Consensus Estimate. The figure also compared favorably with the prior-year quarter's tally of$2.10.See the Zacks Earnings Calendar to stay ahead of market-making news.Results reflect year-over-year growth in the top line. However, higher direct advertising and general and administrative expenses during the quarter acted as a dampener. Shares of the company were 7.3% do ...