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via finance.yahoo.comBusiness & Companies

American Tower beats Q3 estimates

FROM THE WIRE · FINANCE.YAHOO.COM

BOSTON (AP) — BOSTON (AP) — American Tower Corp. (AMT) on Tuesday reported a key measure of profitability in its third quarter. The results beat Wall Street expectations. The Boston-based real estate investment trust said it had funds from operations of $1.34 billion, or $2.87…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishResults above expectations for a large wireless infrastructure REIT, with moderate impact.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01FFO was $1.34 billion, or $2.87 per share, versus a $2.84 estimate.
  2. 02Revenue reached $2.79 billion, above the $2.77 billion forecast.
  3. 03Net income was $765.8 million, or $1.64 per share.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
American Tower CorporationAMTStock188.28 USDMarket closedtoday -0.37%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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