American Tower Trims FY22 Property Revenue Outlook - Update
(RTTNews) - While reporting its financial results for the second quarter on Thursday, American Tower (AMT) trimmed its property revenue for the full-year 2022.
For fiscal 2021, the company now projects total property revenue in a range of $10.28 billion to $10.46 billion, net income in a range of $2.555 billion to $2.665 billion, adjusted EBITDA in a range of $6.535 billion to $6.645 billion, and consolidated AFFO in a range of $9.62 to $9.86 per share.
Previously, the company expected total property revenue in a range of $10.295 billion to $10.475 billion, net income in a range of $2.02 billion to $2.13 billion and adjusted EBITDA in a range of $6.555 billion to $6.665 billion.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $4.48 per share on revenues of $10.64 billion for the year. Analysts' estimates typically exclude special items.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
American Tower Q2 Profit Nearly Doubles; Boosts FY24 Outlook
American Tower Q1 Profit Nearly Triples; Boosts FY24 Outlook
American Tower Guides FY24 Property Revenue In Line With Estimates - Update
European Shares Broadly Higher In Quiet Trade
FTSE 100 Marginally Lower In Quiet Trade
CAC 40 Rises Led By Banks
DAX Holds Steady In Lackluster Trade
