Investing.com - Lamar reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lamar announced earnings per share of $1.18 on revenue of $445.05M. Analysts polled by Investing.com anticipated EPS of $0.8595 on revenue of $427.83M.
Lamar shares are up 32% from the beginning of the year and are trading at $110.39 , down-from-52-week-high.They are outperforming the Nasdaq which is up 14.9% from the start of the year.
Lamar shares gained 3.85% in intra-day trade the report.
Lamar follows other major Real Estate sector earnings this month
Lamar's report follows an earnings beat by American Tower on July 29, who reported EPS of $1.65 on revenue of $2.3B, compared to forecasts EPS of $1.28 on revenue of $2.21B.
Prologis had beat expectations on July 19 with second quarter EPS of $0.81 on revenue of $1.01B, compared to forecast for EPS of $0.4287 on revenue of $1.01B.
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