Lamar Advertising Co (LAMR) reported a third-quarter net loss applicable to common stock of $4.87 million or $0.05 per share compared to income of $1.74 million or $0.02 per share last year.
On average, 14 analysts polled by Thomson Reuters expected the company to report a loss of $0.16 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues decreased to $271.77 million from $312.52 million last year. Analysts expected revenue of $265.48 million for the quarter.
For the fourth quarter of 2009 the company expects net revenue to be approximately $257.0 million.
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