Lamar Advertising (LAMR) Tops Q1 FFO and Revenue Estimates

Lamar Advertising (LAMR) came out with quarterly funds from operations (FFO) of $1.54 per share, beating the Zacks Consensus Estimate of$ 1.52 per share. This compares to FFO of $1.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.32%. A quarter ago, it was expected that this outdoor and transit advertising company would post FFO of$ 1.95 per share when it actually produced FFO of $2.10, delivering a surprise of 7.69%.Over the l ...