Investing.com - Lamar reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lamar announced earnings per share of $1.32 on revenue of $517.85M. Analysts polled by Investing.com anticipated EPS of $1.27 on revenue of $490M.
Lamar shares are down 8.96% from the beginning of the year, still down 20.32% from its 52 week high of $124.32 set on January 4. They are outperforming the S&P 500 which is down 14.16% from the start of the year.
Lamar follows other major Real Estate sector earnings this month
Lamar's report follows an earnings beat by American Tower on July 28, who reported EPS of $1.95 on revenue of $2.67B, compared to forecasts EPS of $0.9591 on revenue of $2.65B.
Prologis had beat expectations on July 18 with second quarter EPS of $0.82 on revenue of $1.09B, compared to forecast for EPS of $0.6478 on revenue of $1.11B.
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