Lamar Advertising Co. (LAMR) reported that its first-quarter of 2013 net loss applicable to common stock narrowed to $6.16 million or $0.07 per share from $22.91 million or $0.25 per share in the first quarter of 2012.
Operating income for the first quarter of 2013 remained relatively constant over the same period in 2012 at $25.9 million.
Other expense declined to $36.67 million from $69.83 million last year.
Net revenues for the quarter were $283.5 million versus $266.2 million for the first quarter of 2012, a 6.5% increase.
Pro forma net revenue for the first quarter of 2013 increased 2.4% and pro forma Adjusted EBITDA increased 5.2% as compared to the first quarter of 2012.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.03 per share on revenues of $283.80 million for the quarter. Analysts' estimates typically exclude special items.
For the second quarter of 2013 the company expects net revenue to be approximately $322 million to $325 million. On a pro forma basis this represents an increase of approximately 2% to 3%. Ten analysts have consensus revenue estimate of $323.39 million for the second-quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.