Reports Q3 revenue $2.72B, consensus $2.65B. Steven Vondran, American Tower’s (AMT) CEO, stated, “We delivered another strong quarter, resulting in mid-to-high single-digit growth in revenue and Adjusted EBITDA, and double-digit growth in AFFO per Share, as adjusted. Our unmatched portfolio of digital infrastructure continues to benefit from rapid growth in global data demand. Leasing activity across our U.S. and international towers remains robust as carriers invest in network coverage and capacity, and in our data center business, strong hybrid-cloud demand, favorable pricing, and rising AI-related workloads drove a strong quarter, including a record quarter of signed retail new leasing.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMT:
- Is AMT a Buy, Before Earnings?
- American Tower price target lowered to $210 from $230 at Wells Fargo
- American Tower price target raised to $251 from $250 at Barclays
- American Tower price target lowered to $235 from $270 at Morgan Stanley
- SBA Communications price target lowered to $220 from $260 at Morgan Stanley