Stock Track | Lamar Advertising Plummets 5% as Q3 Earnings Miss Estimates

Stock Track11-08

Lamar Advertising Company (NASDAQ: LAMR), a leading outdoor advertising firm, saw its stock price plummet by 5.02% on Thursday after reporting mixed third-quarter results that failed to meet analysts' expectations.

The company reported earnings per share of $1.44, beating the consensus estimate of $0.63. However, revenue for the quarter came in at $564.1 million, missing the estimated $593.8 million. The revenue miss was primarily attributed to a slower-than-expected recovery in the advertising market, which impacted the company's local and programmatic sales.

Despite the top-line miss, Lamar's adjusted EBITDA for the quarter grew 2.1% year-over-year to $271.2 million, driven by cost-saving measures and operational efficiencies. The company's free cash flow also increased by 9.4% to $198.1 million, reflecting its ability to generate strong cash flows even in a challenging environment.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1176402461?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-08 23:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1176402461","market":"hk","top_or_hot":-1,"title":"Stock Track | Lamar Advertising Plummets 5% as Q3 Earnings Miss Estimates","media":"Stock Track","content":"<p>Lamar Advertising Company (NASDAQ: LAMR), a leading outdoor advertising firm, saw its stock price plummet by 5.02% on Thursday after reporting mixed third-quarter results that failed to meet analysts' expectations.</p>\n\n<p>The company reported earnings per share of $1.44, beating the consensus estimate of $0.63. However, revenue for the quarter came in at $564.1 million, missing the estimated $593.8 million. The revenue miss was primarily attributed to a slower-than-expected recovery in the advertising market, which impacted the company's local and programmatic sales.</p>\n\n<p>Despite the top-line miss, Lamar's adjusted EBITDA for the quarter grew 2.1% year-over-year to $271.2 million, driven by cost-saving measures and operational efficiencies. The company's free cash flow also increased by 9.4% to $198.1 million, reflecting its ability to generate strong cash flows even in a challenging environment.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Lamar Advertising Plummets 5% as Q3 Earnings Miss Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Lamar Advertising Plummets 5% as Q3 Earnings Miss Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-08 23:03 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lamar Advertising Company (NASDAQ: LAMR), a leading outdoor advertising firm, saw its stock price plummet by 5.02% on Thursday after reporting mixed third-quarter results that failed to meet analysts'...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LAMR","symbol_name":"拉马尔户外广告","start_time":0,"source_url":"","article_id":"1176402461","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1176402461","pubTimestamp":1731078203,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Lamar Advertising Company , a leading outdoor advertising firm, saw its stock price plummet by 5.02% on Thursday after reporting mixed third-quarter results that failed to meet analysts' expectations.The company reported earnings per share of $1.44, beating the consensus estimate of $0.63. However, revenue for the quarter came in at $564.1 million, missing the estimated $593.8 million. The revenue miss was primarily attributed to a slower-than-expected recovery in the advertising market, which i","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LAMR":"拉马尔户外广告"},"translate_title":"股票追踪Lamar Advertising因第三季度盈利未达预期而暴跌5%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LAMR":1},"content_text":"Lamar Advertising Company (NASDAQ: LAMR), a leading outdoor advertising firm, saw its stock price plummet by 5.02% on Thursday after reporting mixed third-quarter results that failed to meet analysts' expectations.\nThe company reported earnings per share of $1.44, beating the consensus estimate of $0.63. However, revenue for the quarter came in at $564.1 million, missing the estimated $593.8 million. The revenue miss was primarily attributed to a slower-than-expected recovery in the advertising market, which impacted the company's local and programmatic sales.\nDespite the top-line miss, Lamar's adjusted EBITDA for the quarter grew 2.1% year-over-year to $271.2 million, driven by cost-saving measures and operational efficiencies. The company's free cash flow also increased by 9.4% to $198.1 million, reflecting its ability to generate strong cash flows even in a challenging environment.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1176402461"}