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Lamar Advertising Co. Q1 adjusted earnings Beat Estimates

Lamar Advertising Co. (LAMR) revealed earnings for first quarter that decreased from last year.

The company's profit came in at $14.96 million, or $0.15 per share. This compares with $41.70 million, or $0.42 per share, in last year's first quarter.

Excluding items, Lamar Advertising Co. reported adjusted earnings of $96.35 million or $0.98 per share for the period.

Analysts had expected the company to earn $0.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.2% to $361.03 million from $346.36 million last year.

Lamar Advertising Co. earnings at a glance:

-Earnings (Q1): $96.35 Mln. vs. $86.43 Mln. last year.
-EPS (Q1): $0.98 vs. $0.88 last year.
-Analysts Estimate: $0.34
-Revenue (Q1): $361.03 Mln vs. $346.36 Mln last year.

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