American Tower Earnings, Revenue miss In Q2

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American Tower Earnings, Revenue miss In Q2
Credit: © Reuters.

Investing.com - American Tower (NYSE: AMT ) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

American Tower announced earnings per share of $1 on revenue of $1.91B. Analysts polled by Investing.com anticipated EPS of $1.04 on revenue of $1.94B.

American Tower shares are up 18% from the beginning of the year and are trading at $271.29 , down-from-52-week-high.They are outperforming the S&P 500 which is up 0.86% from the start of the year.

American Tower follows other major Services sector earnings this month

American Tower's report follows an earnings beat by Visa A on Tuesday, who reported EPS of $1.06 on revenue of $4.84B, compared to forecasts EPS of $1.03 on revenue of $4.82B.

Verizon had beat expectations on Friday, July 24, 2020 with second quarter EPS of $1.18 on revenue of $30.45B, compared to forecast for EPS of $1.15 on revenue of $29.92B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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