American Tower Q2 2024 FFO $2.79 Beats $2.53 Estimate, Sales $2.9B Beat $2.823B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Tower (NYSE:AMT) reported Q2 2024 earnings per share of $2.79, surpassing the analyst estimate of $2.53 by 10.28%. The company also reported sales of $2.9 billion, beating the estimate of $2.823 billion by 2.74%. This represents a 4.62% increase over the same period last year.
July 30, 2024 | 11:01 am
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American Tower (NYSE:AMT) reported Q2 2024 earnings per share of $2.79, surpassing the analyst estimate of $2.53 by 10.28%. The company also reported sales of $2.9 billion, beating the estimate of $2.823 billion by 2.74%. This represents a 4.62% increase over the same period last year.
American Tower's better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term. Beating both EPS and revenue estimates by significant margins indicates strong operational performance and could boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100