American Tower Corporation Reports Third Quarter 2023 Financial Results

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Go back to American Tower Corporation Reports Third Quarter 2023 Financial Results

American Tower (AMT) surges following Q3 results, new CEO announcement

October 26, 2023 2:29 PM EDT

American Tower (NYSE: AMT) shares surged more than 8% Thursday after the company reported earnings and announced a new CEO.

Before the open, American Tower reported Q3 EPS of $1.26, $0.13 better than the analyst estimate of $1.13, while revenue for the quarter increased 5.5% to $2.82 billion, above the consensus estimate of $2.76 billion.

The company said property revenue rose by 7% to $2.79 billion. However, net... More