Lamar Advertising Co. reported a loss of $22.8 million, or 25 cents per share, compared to a loss of $13.2 million, or 14 cents per share, a year earlier.
The Baton Rouge-based outdoor advertiser Lamar said its results were primarily the result of a $30 million loss the company took for paying off debt. Lamar paid off $583.1 million in notes with an interest rate of 6.6 percent. The notes were due in 2015.
Stock analysts surveyed by Thomson Reuters expected a loss of 14 cents per share.
Lamar said it expects its second quarter revenues to be about $303 million, an increase of roughly 3 percent.