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American Tower Earnings, Revenue Beat in Q3 -Breaking

by Mike Robinson

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© Reuters. American Tower Revenue Beats in Quarter 3

American Tower (NYSE) reported Thursday its third quarter results, which beat forecasts by analysts and exceeded expectations.

American Tower reported earnings per share at $1.58 for revenue of $2.45B. Investing.com polled analyst to predict EPS at $1.19 on revenues of $2.41B.

American Tower shares fell 6% over the first of the year. This is still 6.03% below its 52 week peak of $303.72, which was set September 8. They have been outperforming the Nasdaq, which is up 18.21% over the same period.

American Tower reports on major earnings in the Real Estate sector this month

American Tower’s latest report is a follow-up to FirstService’s Tuesday earnings beat. FirstService reported EPS at $1.5 for revenue $849.43M. Forecasts were $1.19 for revenue $828.67M.

Castellum ADR exceeded expectations in October 19, posting a third-quarter EPS of $1.29 based on $174.36M of revenue. This compares to the forecast of $0.6817 based on $172.51M of revenue.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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