Investing.com - Lamar reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lamar announced earnings per share of $1.21 on revenue of $494.6M. Analysts polled by Investing.com anticipated EPS of $1.18 on revenue of $473.38M.
Lamar shares are down 7% from the beginning of the year, still down 9.30% from its 52 week high of $124.32 set on January 4. They are outperforming the Nasdaq which is down 13.88% from the start of the year.
Lamar follows other major Real Estate sector earnings this month
Lamar's report follows an earnings missed by American Tower on Thursday, who reported EPS of $0.99 on revenue of $2.38B, compared to forecasts EPS of $1.15 on revenue of $2.41B.
Equinix had missed expectations on February 16 with fourth quarter EPS of $1.36 on revenue of $1.71B, compared to forecast for EPS of $1.4 on revenue of $1.7B.
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