Investing.com - Lamar reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lamar announced earnings per share of $1.18 on revenue of $445.05M. Analysts polled by Investing.com anticipated EPS of $0.8595 on revenue of $427.83M.
Lamar shares are up 32% from the beginning of the year, still down 1.02% from its 52 week high of $111.53 set on August 5. They are outperforming the Nasdaq which is up 14.9% from the start of the year.
Lamar shares gained 3.85% in intra-day trade following the report.
Lamar follows other major Real Estate sector earnings this month
Lamar's report follows an earnings beat by American Tower on July 29, who reported EPS of $1.65 on revenue of $2.3B, compared to forecasts EPS of $1.28 on revenue of $2.21B.
Prologis had beat expectations on July 19 with second quarter EPS of $0.81 on revenue of $1.01B, compared to forecast for EPS of $0.4287 on revenue of $1.01B.
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