Stock Track | Lamar Advertising Plummets 6.71% on Q4 Earnings Miss and Asset Write-Down

Stock Track

Feb 20, 2025

Lamar Advertising Company's (NASDAQ: LAMR) stock plummeted 6.71% in pre-market trading on Thursday following the release of its fourth-quarter and full-year 2024 results.

The outdoor advertising company reported mixed results for the quarter, with revenue of $579.6 million, slightly missing analyst estimates of $583.2 million. However, the company's adjusted funds from operations (AFFO) of $2.21 per share matched expectations.

The primary driver behind Lamar's stock plunge was a significant revision in the estimated asset retirement obligation, which resulted in an additional $159.7 million recorded to depreciation and amortization expense. This led to a net loss of $1.0 million for the quarter, compared to a net income of $149.3 million in the same period last year.

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However, the company's adjusted funds from operations (AFFO) of $2.21 per share matched expectations.</p>\n\n<p>The primary driver behind Lamar's stock plunge was a significant revision in the estimated asset retirement obligation, which resulted in an additional $159.7 million recorded to depreciation and amortization expense. This led to a net loss of $1.0 million for the quarter, compared to a net income of $149.3 million in the same period last year.</p>\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":"1108275989","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1108275989","pubTimestamp":1740062028,"columns":[],"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's  stock plummeted 6.71% in pre-market trading on Thursday following the release of its fourth-quarter and full-year 2024 results.The outdoor advertising company reported mixed results for the quarter, with revenue of $579.6 million, slightly missing analyst estimates of $583.2 million. 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