American Tower Q2 AFFO $2.46 Down From $2.51 YoY, Sales $2.77B Beat $2.73B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Tower (NYSE:AMT) reported Q2 earnings of $2.46 per share, a decrease of 1.99% YoY. However, the company's quarterly sales of $2.77 billion beat the analyst consensus estimate of $2.73 billion by 1.54%, marking a 3.66% increase YoY.
July 27, 2023 | 11:05 am
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American Tower's Q2 earnings per share decreased by 1.99% YoY, but sales beat estimates by 1.54%, up 3.66% YoY.
While American Tower's earnings per share decreased, the company's sales beat estimates, which could balance out the impact on the stock. The decrease in earnings may concern some investors, but the strong sales performance could also attract others.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100