Lamar Advertising (LAMR) Tops Q1 FFO Estimates

Lamar Advertising (LAMR) came out with quarterly funds from operations (FFO) of $1.60 per share, beating the Zacks Consensus Estimate of $1.54 per share. This compares to FFO of $1.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 3.90%. A quarter ago, it was expected that this outdoor and transit advertising company would post FFO of $2.21 per share when it actually produced FFO of $2.21, delivering no surprise.Over the last four ...