Lamar Advertising Co. Q4 Profit Increases, beats estimates

(RTTNews) - Lamar Advertising Co. (LAMR) reported a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $123.22 million, or $1.21 per share. This compares with $108.61 million, or $1.08 per share, in last year's fourth quarter.

Excluding items, Lamar Advertising Co. reported adjusted earnings of $180.68 million or $1.78 per share for the period.

Analysts on average had expected the company to earn $1.18 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.4% to $494.57 million from $428.53 million last year.

Lamar Advertising Co. earnings at a glance (GAAP) :

-Earnings (Q4): $123.22 Mln. vs. $108.61 Mln. last year. -EPS (Q4): $1.21 vs. $1.08 last year. -Analyst Estimate: $1.18 -Revenue (Q4): $494.57 Mln vs. $428.53 Mln last year.