American Tower Earnings beat, Revenue Inline In Q1

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American Tower Earnings beat, Revenue Inline In Q1
Credit: © Reuters.

Investing.com - American Tower (NYSE: AMT ) reported first quarter earnings that beat analysts' expectations on Friday and revenue that was inline with forecasts.

The firm reported earnings per share of $0.89 on revenue of $1.81B. Analysts polled by Investing.com expected EPS of $0.85 on revenue of $1.81B. That compared to EPS of $0.63 on revenue of $1.74B in the same period a year earlier. The company had reported EPS of $0.62 on revenue of $2.13B in the previous quarter.

American Tower shares gained 0.25% to trade at $193.31 in intra-day trade following the report.

For the year, American Tower shares are up 22.2%, outperforming the S&P 500 which is up 18.96% year to date.

American Tower follows other major Services sector earnings this month


On Thursday, April 25, 2019, Amazon.com reported first quarter EPS of $7.09 on revenue of $59.7B, compared to forecasts of EPS of $4.7 on revenue of $59.68B.

Visa A earnings beat analyst's expectations on Wednesday, April 24, 2019, with second quarter EPS of $1.31 on revenue of $5.49B. Investing.com analysts expected EPS of $1.24 on revenue of $5.46B

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

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