RTTNews | Aug 6, 2020 06:40AM EDT

06:40 Thursday, August 6, 2020 (RTTNews.com) - 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.

Read the original article on RTTNews ( https://www.rttnews.com/3119024/lamar-advertising-re-initiates-fy20-earnings-outlook-below-view-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved