Investing.com - Lamar reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lamar announced earnings per share of $0.91 on revenue of $451.4M. Analysts polled by Investing.com anticipated EPS of $0.7249 on revenue of $427.21M.
Lamar shares are down 9% from the beginning of the year and are trading at $109.44 , down-from-52-week-high.They are outperforming the Nasdaq which is down 17.13% from the start of the year.
Lamar follows other major Real Estate sector earnings this month
Lamar's report follows an earnings beat by Prologis on Tuesday, April 19, 2022, who reported EPS of $1.54 on revenue of $1.08B, compared to forecasts EPS of $0.6806 on revenue of $1.08B.
American Tower had beat expectations on Wednesday, April 27, 2022 with first quarter EPS of $1.56 on revenue of $2.6B, compared to forecast for EPS of $1.11 on revenue of $2.6B.
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