Investing.com – American Tower reported on Tuesday fourth quarter that beat analysts’ forecasts and revenue that fell short of expectations.
American Tower announced earnings per share of $1.26 on revenue of $1.92B. Analysts polled by Investing.com anticipated EPS of $1.02 on revenue of $1.93B. That with comparison to EPS of $0.62 on revenue of $2.13B in the same period a year before. American Tower had reported EPS of $1.12 on revenue of $1.95B in the previous quarter. Analysts are expecting EPS of $1.1 and revenue of $2B in the upcoming quarter.
American Tower shares are up 6.65% from the beginning of the year , still down 5.22% from its 52 week high of $258.62 set on February 11. They are outperforming the S&P 500 which is down 0.58% year to date.
American Tower follows other major Services sector earnings this month
American Tower’s report follows an earnings beat by Amazon.com on January 30, who reported EPS of $6.47 on revenue of $87.44B, compared to forecasts EPS of $4.04 on revenue of $86.03B.
Alibaba ADR had beat expectations on February 13 with third quarter EPS of $18.19 on revenue of $161.46B, compared to forecast for EPS of $15.91 on revenue of $159.7B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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