American Tower Q3 AFFO Per Share $2.58 Vs $2.36 Last Year, Sales $2.82B Beat $2.76B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Tower (NYSE:AMT) reported Q3 AFFO of $2.58 per share, a 9.32% increase from the same period last year. The company also reported quarterly sales of $2.82 billion, beating the analyst consensus estimate of $2.76 billion by 2.14%.
October 26, 2023 | 11:04 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
American Tower's Q3 earnings beat estimates with a 9.32% YoY increase in AFFO per share and a 2.14% beat on sales estimates.
American Tower's Q3 earnings beat estimates, which is generally a positive signal for investors. The increase in AFFO per share indicates improved profitability, while the beat on sales estimates suggests stronger than expected demand for the company's services. This could potentially lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100