Lamar Profits Fall Short of Projections

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ATLANTA Lamar Advertising, the nation’s third-largest outdoor ad company, posted a profit in the second quarter but missed analysts estimates for the period.

Earnings reached $8.9 million, about 8 cents per share, on total revenue of $226.9 million during the quarter, up from a loss of $2.2 million, or 2 cents per share, on total revenue of $208.2 million during the same quarter last year, according to the company’s quarterly report with the Securities and Exchange Commission.

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