American Tower (AMT) Tops Q2 EPS by 6c

American Tower (NYSE: AMT) reported Q2 EPS of $0.80, $0.06 better than the analyst estimate of $0.74. Revenue for the quarter came in at $1.66 billion versus the consensus estimate of $1.64 billion.

• Total revenue increased 15.3% to $1,662 million
• Property revenue increased 14.9% to $1,638 million
• Net income increased 101.9% to $388 million
• Adjusted EBITDA increased 17.5% to $1,021 million
• Consolidated AFFO increased 22.5% to $725 million

The Company is raising the midpoint of its full year 2017 outlook for property revenue, net income, Adjusted EBITDA and Consolidated AFFO by $25 million, $40 million, $45 million and $55 million, respectively.

For earnings history and earnings-related data on American Tower (AMT) click here.

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