Lamar Advertising (LAMR) Misses Q3 FFO and Revenue Estimates

Lamar Advertising (LAMR) came out with quarterly funds from operations (FFO) of $2.15 per share, missing the Zacks Consensus Estimate of$ 2.21 per share. This compares to FFO of $2.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -2.71%. A quarter ago, it was expected that this outdoor and transit advertising company would post FFO of$ 2.07 per share when it actually produced FFO of $2.08, delivering a surprise of 0.48%.Over the ...