$AMT | American Tower missed FFO and revenue estimates and cut its FY outlook. https://t.co/KQKwa6Fa1r
💰 American Tower $AMT EPS. vs Forecast -1.69 / 1.58 🔴 Rev. vs Forecast 2.52B / 2.78B 🔴 Market Cap: 103.79B
AMERICAN TOWER Q3 EARNINGS 202: REV $2.52 (EST $2.786B) || ADJ EBITDA $1.69B (EST $1.79B) || SEES FY ADJ. EBITDA $6.77B TO $6.85B, SAW $7.25B TO $7.36B

American Tower Corporation reported its third quarter 2024 financial results, revealing revenues of $2.52 billion, which fell short of the estimated $2.786 billion. The adjusted EBITDA for the quarter was $1.69 billion, also below the expected $1.79 billion. The company has revised its full-year adjusted EBITDA outlook to a range of $6.77 billion to $6.85 billion, down from the previous forecast of $7.25 billion to $7.36 billion. Additionally, the earnings per share (EPS) were reported at -1.69, compared to a forecast of 1.58. The company's current market capitalization stands at $103.79 billion.

