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Lamar Advertising Co. Q2 adjusted earnings Beat Estimates

Lamar Advertising Co. (LAMR) revealed a profit for its second quarter that increased from last year.

The company's profit totaled $118.31 million, or $1.18 per share. This compares with $100.34 million, or $1.02 per share, in last year's second quarter.

Excluding items, Lamar Advertising Co. reported adjusted earnings of $154.11 million or $1.54 per share for the period.

Analysts had expected the company to earn $1.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.9% to $448.74 million from $419.80 million last year.

Lamar Advertising Co. earnings at a glance:

-Earnings (Q2): $154.11 Mln. vs. $150.54 Mln. last year.
-EPS (Q2): $1.54 vs. $1.52 last year.
-Analysts Estimate: $1.13
-Revenue (Q2): $448.74 Mln vs. $419.80 Mln last year.

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