UPDATE: Lamar Advertising Posts Upbeat Q2 Profit
August 08, 2013 at 07:07 AM EDT
Lamar Advertising Co (NASDAQ: LAMR ) reported a 53% rise in its second-quarter profit. Lamar's quarterly profit surged to $21.3 million, or $0.22 per share, from $13.9 million, or $0.15 per share, in the year-ago period. However, analysts were expecting earnings of $0.21 per share. Its revenue climbed 6.5% to