Shares of Clear Channel Outdoor Holdings Inc. regained some ground on Tuesday following a sharp sell-off prompted by the company's weaker-than-expected third-quarter results.
NEW YORK (AP) - Shares of Clear Channel Outdoor Holdings Inc. regained some ground on Tuesday following a sharp sell-off prompted by the company's weaker-than-expected third-quarter results.
BATON ROUGE, La. (AP) - Lamar Advertising Co. on Thursday said it expects fourth-quarter revenue to fall about 9 percent from the same period a year earlier to a level below Wall Street analysts' forecasts.
BATON ROUGE, La. (AP) - Lamar Advertising Co. on Thursday said its third-quarter profit shrank about 74 percent as advertisers cut spending in the face of the economic slump.
(Note: Before reading this update, make sure you check out the preface to the series we're doing on Hedge Fund 13F's here).
This is the Third Quarter 2008 edition of our ongoing hedge fund tracking series. We've already covered Whitney Tilson's T2 Partners, Peter Thiel's Clarium Capital, Bill Ackman's Pershing Square, and Stephen Mandel's Lone Pine Capital. Next up, we have Maverick Capital. Lee Ainslie started Maverick Capital back in 1993 with $38 million. Nowadays, the fund is worth $10 billion. Ainslie, like many of the other fund managers we've profiled, has...
Retailers are saying they will be upping their marketing dollars for the holiday season, especially the mid-to-lower range retailers. The increased marketing spend in Q4 is somewhat surprising - and may mean some unexpected upside for ad agencies and ad-dependent media outlets in Q4.
Post-election selloff. U.S. stocks plunged to finish with their worst losses in two weeks. With the election settled, traders focused on more mundane matters like weak job numbers and deep declines in goods and services industries. A weak outlook from tech bellwether Cisco (CSCO) sent stocks futures down further in overnight trade. Sellers unloaded financial stocks like Citigroup (C) and Bank of America (BAC) in the last hour of trading, which likely represents heavy mutual-fund selling. "People have accepted that even with a new president and new...
Lamar Advertising Company (LAMR) is expected to report Q3 earnings before market open Thursday, November 6 with a conference call scheduled for 11:00 am ET.
Guidance
Analysts are looking for a profit of 5c on revenue of $305.7M. The consensus range is 1c to 10c for EPS, and revenue of $295M to $310.1M, according to First Call. For Q3, the company forecast revenue of about $309M.
Louisiana, unlike any of the other states of the union is made up of Parishes, as opposed to counties. A state of subtropical temperatures, and wild hurricanes is also a land of great riches. Louisiana refines more oil than any other state. Here are some interesting facts about Louisiana:
Petroleum and natural gas are Louisiana’s number one mined products, and together they account for 90% of the total state mining income.
Louisiana ranks number one in shrimp production.
The production of chemical products are one of Louisiana’s top manufacturing industries.
Below we highlight Russell 1,000 stocks currently with the highest short interest as a percentage of equity float. This is short interest data from mid-September, and it will be interesting to see how things change when the end of month short interest numbers are released. For each stock we also highlight its year to date change and change since the close on 9/16, right before the SEC began bringing the new short rules into place. As shown, Sears Holdings (SHLD) had the highest short interest as of...
July month-end short interest figures were released earlier this week, and below we highlight stocks in the Russell 1,000 with the highest short interest as a percentage of float.
As shown, more than 50% of both Big Lots' (BIG) and Sears Holdings' (SHLD) equity float is sold short. While SHLD is down 10% year to date, BIG is up significantly at 110%.
Lamar Advertising Company (LAMR) is expected to report Q2 earnings before market open Wednesday, August 6, with a conference call scheduled for 11:00 a.m. ET.
Guidance
Analysts are looking for a profit of 15c on revenue of $318.98M. The consensus range is 12c to 21c for EPS, and revenue of $316.76M to $322.4M, according to First Call. For Q2, Lamar forecast revenue of about $316M to $319, excluding any revenue from Vista Media, below First Call consensus estimates.
Bracing for the recession, out-of-home media companies are making adjustments in the hopes that the business will survive the turbulence, if not come out ahead. While out-of-home has held up ...
Nov 25, 2008 (Aiken Standard - McClatchy-Tribune Information Services via COMTEX) -- LAMR | Quote | Chart | News | PowerRating -- A new set of billboards has many asking what is going to be huge ...
By Jon Brodkin , Network World , 11/24/2008 When Hurricane Katrina swept through Louisiana three years ago, Baton Rouge-based Lamar Advertising was housing all of its IT equipment in just one data ...
Nov 21, 2008 (The Fayetteville Observer - McClatchy-Tribune Information Services via COMTEX) -- LAMR | Quote | Chart | News | PowerRating -- The company suing Fayetteville for the right to put up ...
By Erin Quinn Two controversial billboards posted by the Waco Police Association telling drivers passing through Waco that the city is among the most violent in the state have been replaced by the ...
Nov 20, 2008 (The Fayetteville Observer - McClatchy-Tribune Information Services via COMTEX) -- LAMR | Quote | Chart | News | PowerRating -- The company suing Fayetteville for the right to put up ...
By Brian Collins WACO-Both representatives for the Police Association and Lamar Advertising said it was time for the two Police Association billboards to come down. In the past 24 hours, Lamar ...
I recently heard last month?s stock market collapse referred to as Black October. I?d rather call last month the Great Reckoning. The bill for past deeds was finally served. Beyond the financials ...
Lamar Advertising (LAMR) leads the list of top gainers so far today and is now at $14.92, up $0.62 (4.34%) on volume of 638,857 shares traded. Over the last 52 weeks the stock has ranged from a ...
LONDON (MarketWatch) -- Lamar Advertising Co. [S: lamr] said third-quarter net income fell to $3.75 million, or 4 cents a share, from $14.5 million, or 15 cents a share, in the same period a year earlier. Analysts surveyed by FactSet had expected the company to make 5 cents a share, on average. Revenue fell to $312.5 million from $314.3 million. The advertising company cut its fourth-quarter revenue expectations 9% to $286 million because of the economic slowdown and said it's begun taking steps to curtail expenditures.
The retailers -- including chains like AutoNation, Big Lots, Costco, Mother's Work, Stage and Wal-Mart -- are in sharp focus on Thursday, as they report comparable-store sales for October.
LONDON (MarketWatch) -- Lamar Advertising Co. said second-quarter net income fell to $14.3 million, or 15 cents a share, from $18.3 million, or 19 cents a share, a year earlier. Analysts polled by FactSet had expected the company to make 17 cents a share, on average. The company said it expects net revenue of $309 million in the third quarter, down 5% from the same period a year earlier on a pro forma basis.
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