© Reuters. American Tower Earnings, Revenue Beat in Q1
Investing.com – American Tower (NYSE:) reported on Wednesday first quarter that beat analysts’ forecasts and revenue that topped expectations.
American Tower announced earnings per share of $1.56 on revenue of $2.66B. Analysts polled by Investing.com anticipated EPS of $1.11 on revenue of $2.6B.
American Tower shares are down 12% from the beginning of the year, still down 16.10% from its 52 week high of $303.72 set on September 8, 2021. They are broadly in line with the S&P 500 which is down 12.4% from the start of the year.
American Tower follows other major Real Estate sector earnings this month
American Tower’s report follows an earnings beat by Prologis on April 19, who reported EPS of $1.54 on revenue of $1.08B, compared to forecasts EPS of $0.6806 on revenue of $1.08B.
Crown Castle had beat expectations on April 20 with first quarter EPS of $0.97 on revenue of $1.74B, compared to forecast for EPS of $0.9447 on revenue of $1.69B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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