Lamar's (LAMR) Stock Rises on Q2 AFFO and Revenue Beat

Shares of Lamar Advertising Company (LAMR) gained more than 2% on the Aug 8 normal trading session on the Nasdaq after it reported second-quarter 2024 adjusted funds from operations (AFFO) per share of $2.08, which beat the Zacks Consensus Estimate of$2.07. The figure also compared favorably with the prior-year quarter's tally of $1.90. Results reflect year-over-year growth in the top line, which was partly offset by higher interest expenses. The company's solid revenue growth was driven by continued stron ...