Lamar Advertising Re-initiates FY20 Earnings Outlook Below View - Quick Facts

(RTTNews) - While reporting financial results for the second quarter on Thurssday, outdoor advertising company Lamar Advertising Co. (LAMR) re-initiated its earnings and Adjusted Funds From Operations (AFFO) guidance for the full-year 2020 to incorporate the impact of the COVID-19 pandemic on its business.

For fiscal 2020, the company now projects AFFO per share in the range of $4.16 to $4.56, and earnings in the range of $1.55 to $1.93 per share.

On average, 5 analysts polled by Thomson Reuters expect the company to report earnings of $2.39 per share for the year. Analysts' estimates typically exclude special items.

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