American Tower Q3 2024 AFFO $2.52 Misses $2.58 Estimate, Sales $2.52B Miss $2.76B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Tower's Q3 2024 earnings and sales missed analyst estimates. Earnings per share were $2.52, below the $2.58 estimate, and sales were $2.52 billion, missing the $2.76 billion estimate. Despite the miss, earnings per share increased by 2.86% from last year.
October 29, 2024 | 11:03 am
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NEGATIVE IMPACT
American Tower's Q3 2024 earnings and sales missed analyst expectations, with EPS at $2.52 and sales at $2.52 billion. Despite the miss, EPS increased by 2.86% year-over-year.
The earnings and sales figures both missed analyst estimates, which is typically viewed negatively by investors, likely leading to a short-term decrease in stock price. However, the year-over-year increase in EPS may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100