American Tower Q2 Earnings: Revenue And Tenant Billings Growth, CEO Focuses on India, US, Canada Segments
Portfolio Pulse from Anusuya Lahiri
American Tower Corp (NYSE: AMT) reported strong Q2 2024 earnings with revenue growth of 4.6% year-on-year to $2.90 billion, beating analyst estimates. AFFO per share increased by 9.8% to $2.79, also surpassing expectations. The company saw significant growth in tenant billings and free cash flow, and raised its FY24 outlook. AMT shares rose 2.61% following the report.
July 30, 2024 | 6:46 pm
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American Tower Corp reported strong Q2 2024 earnings, with revenue and AFFO per share beating analyst estimates. The company also raised its FY24 outlook, indicating continued growth. Shares rose 2.61% following the report.
The strong earnings report, including revenue and AFFO per share beating estimates, along with the raised FY24 outlook, positively impacts AMT's stock price. The 2.61% rise in shares post-announcement reflects investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100