Lamar Advertising’s shares climbed during the week, after the Louisiana-based billboard company reported an adjusted third-quarter loss of 8 cents per share. That was narrower than the average analyst estimate of a 17 cent loss, according to a Bloomberg survey. Lamar also forecast fourth-quarter sales of $257 million, exceeding the average analyst prediction of $251.9 million.
© Copyright 2009 Globe Newspaper Company.
