American Tower Corp raises annual revenue forecast on healthy telecom spending [Reuters]
American Tower Corporation (REIT) (AMT)
Last american tower corporation (reit) earnings: 4/29 07:00 am
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US:NYSE Investor Relations:
americantower.com/corporateus/investor-relations/index.htm
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Source: Reuters
Telecom companies have continued to increase spending on 5G services to cater to the growing demand for mobile data and other high bandwidth wireless services. American Tower is also seeing growing demand for its data center leasing business as more firms look to expand their digital infrastructure and take advantage of the artificial intelligence boom. American Tower now expects full year 2024 total property revenue between $11.08 billion and $11.26 billion, up from its prior forecast of $11.05 billion to $11.23 billion. The company's property segment, which comprises of its site leasing business, accounted for nearly all of American Tower's revenue last year. American Tower forecast annual adjusted funds from operations, a key measure of cash flow, between $10.30 and $10.53 per share, compared with its prior outlook of $10.21 to $10.45 per share. The company — whose customers include T-Mobile , AT&T and Verizon — reported first-quarter total revenue of $2.83 billion, beat
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AMT
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- 4/30/24 - Beat
AMT
Sec Filings
- 5/7/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- AMT's page on the SEC website