Investing.com - Lamar reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lamar announced earnings per share of $0.31 on revenue of $347.7M. Analysts polled by Investing.com anticipated EPS of $0.38 on revenue of $370.3M (NYSE:MMM).
Lamar shares are down 26% from the beginning of the year and are trading at $65.46 , down-from-52-week-high.They are under-performing the Nasdaq which is up 22.58% from the start of the year.
Lamar follows other major Services sector earnings this month
Lamar's report follows an earnings beat by Amazon.com on July 30, who reported EPS of $10.3 on revenue of $88.91B, compared to forecasts EPS of $1.48 on revenue of $81.45B.
Visa A had beat expectations on July 28 with third quarter EPS of $1.06 on revenue of $4.84B, compared to forecast for EPS of $1.03 on revenue of $4.82B.
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