Investing.com - Lamar reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lamar announced earnings per share of $1.44 on revenue of $527.39M. Analysts polled by Investing.com anticipated EPS of $1.33 on revenue of $515M.
Lamar shares are down 26% from the beginning of the year and are trading at $89.70 , down-from-52-week-high.
Lamar follows other major Real Estate sector earnings this month
Lamar's report follows an earnings beat by Prologis on Wednesday, October 19, 2022, who reported EPS of $1.36 on revenue of $1.75B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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