American Tower (AMT) Tops Q3 EPS by 2c

American Tower (NYSE: AMT) reported Q3 EPS of $0.83, $0.02 better than the analyst estimate of $0.81. Revenue for the quarter came in at $1.79 billion versus the consensus estimate of $1.76 billion. Consolidated AFFO per Share increased 6.9% to $1.85.

Jim Taiclet, American Tower’s Chief Executive Officer, stated, “In the third quarter, our U.S. property segment delivered strong Organic Tenant Billings Growth of 7.4%, reflecting ongoing investments in 4G technology by our tenants to meet ever-increasing data and video demand. Our International property segment also experienced strong demand for tower space, especially in Latin America. Normalizing for Indian Carrier Consolidation Churn, International Organic Tenant Billings Growth was 8%.

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

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