American Tower shares are trading lower after the company reported worse-than-expected Q3 financial results and cut its FY24 AFFO guidance.
Portfolio Pulse from Benzinga Newsdesk
American Tower's shares declined following disappointing Q3 financial results and a reduction in FY24 AFFO guidance.
October 29, 2024 | 2:02 pm
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NEGATIVE IMPACT
American Tower's shares are trading lower due to worse-than-expected Q3 financial results and a cut in FY24 AFFO guidance.
The company's Q3 financial results did not meet expectations, leading to a negative market reaction. Additionally, the reduction in FY24 AFFO guidance suggests potential future financial challenges, further impacting investor sentiment negatively.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100