tiprankstipranks
Lamar Advertising reports Q4 AFFO $1.91, consensus $1.88
The Fly

Lamar Advertising reports Q4 AFFO $1.91, consensus $1.88

Reports Q4 revenue $536.42M, consensus $542M. "We delivered solid financial results for the fourth quarter, with strong local sales offsetting weakening demand from national customers. This allowed us to exceed the top end of our guidance range for full-year diluted AFFO per share," Lamar chief executive Sean Reilly said. "For 2023, we anticipate solid revenue growth and moderating expense growth. With interest expense as a meaningful headwind, we anticipate full-year diluted AFFO per share of $7.40 to $7.55."

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on LAMR:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles