RTTNews | Jul 30, 2020 07:31AM EDT

07:31 Thursday, July 30, 2020 (RTTNews.com) - American Tower Corp. (AMT) reported a profit for its second quarter that increased from last year.

The company's profit came in at $446.1 million, or $1.00 per share. This compares with $429.1 million, or $0.96 per share, in last year's second quarter.

Excluding items, American Tower Corp. reported adjusted earnings of $897.8 million or $2.01 per share for the period.

Analysts had expected the company to earn $1.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.5% to $1.91 billion from $1.90 billion last year.

American Tower Corp. earnings at a glance:

-Earnings (Q2): $897.8 Mln. vs. $893.1 Mln. last year.-EPS (Q2): $2.01 vs. $2.01 last year.-Analysts Estimate: $1.03-Revenue (Q2): $1.91 Bln vs. $1.90 Bln last year.

-Guidance:Full year revenue guidance: $7,655 to $7,785 Mln

Read the original article on RTTNews ( https://www.rttnews.com/3116238/american-tower-corp-q2-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved