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Lamar Advertising Co. Q1 adjusted earnings Beat Estimates

Lamar Advertising Co. (LAMR) released earnings for its first quarter that climbed from the same period last year.

The company's bottom line totaled $51.16 million, or $0.51 per share. This compares with $14.96 million, or $0.15 per share, in last year's first quarter.

Excluding items, Lamar Advertising Co. reported adjusted earnings of $98.93 million or $0.99 per share for the period.

Analysts had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.5% to $384.46 million from $361.03 million last year.

Lamar Advertising Co. earnings at a glance:

-Earnings (Q1): $98.93 Mln. vs. $96.35 Mln. last year.
-EPS (Q1): $0.99 vs. $0.98 last year.
-Analysts Estimate: $0.50
-Revenue (Q1): $384.46 Mln vs. $361.03 Mln last year.

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