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Lamar Advertising Co. Q3 adjusted earnings Beat Estimates

Lamar Advertising Co. (LAMR) reported a profit for third quarter that dropped from the same period last year.

The company's bottom line came in at $93.96 million, or $0.95 per share. This compares with $96.24 million, or $0.98 per share, in last year's third quarter.

Excluding items, Lamar Advertising Co. reported adjusted earnings of $150.12 million or $1.51 per share for the period.

Analysts had expected the company to earn $0.96 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.8% to $418.49 million from $399.35 million last year.

Lamar Advertising Co. earnings at a glance:

-Earnings (Q3): $150.12 Mln. vs. $137.54 Mln. last year.
-EPS (Q3): $1.51 vs. $1.40 last year.
-Analysts Estimate: $0.96
-Revenue (Q3): $418.49 Mln vs. $399.35 Mln last year.

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