Investing.com - Lamar reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lamar announced earnings per share of $1.44 on revenue of $527.39M. Analysts polled by Investing.com anticipated EPS of $1.33 on revenue of $515M.
Lamar shares are down 26% from the beginning of the year, still down 27.85% from its 52 week high of $124.32 set on January 4.
Lamar follows other major Real Estate sector earnings this month
Lamar's report follows an earnings beat by Prologis on October 19, who reported EPS of $1.36 on revenue of $1.75B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on October 27 with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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