Investing.com - Lamar reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lamar announced earnings per share of $0.4 on revenue of $406.6M. Analysts polled by Investing.com anticipated EPS of $0.38 on revenue of $396.04M. That with comparison to EPS of $0.51 on revenue of $384.46M in the same period a year before.Lamar had reported EPS of $1.02 on revenue of $462.66M in the previous quarter.Analysts are expecting EPS of $0.37 and revenue of $416.46M in the upcoming quarter.
Lamar shares are down 39% from the beginning of the year and are trading at $53.59 , down-from-52-week-high.They are under-performing the Nasdaq which is down 2.05% year to date.
Lamar follows other major Services sector earnings this month
Lamar's report follows an earnings missed by Amazon.com on April 30, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on April 30 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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