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0.00110097130134805 -0.000513786607295859 0.000611650722971155 -0.00276417194725121 -0.00234873877620932 -0.00203068040026419 -0.00300932155701812 -0.00300932155701812
Stock impact report

Why American Tower Stock Rose Today [Yahoo! Finance]

American Tower Corporation (REIT) (AMT) 
Last american tower corporation (reit) earnings: 4/29 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The owner and operator of wireless networking and broadcast infrastructure posted stellar fourth-quarter results in the early morning. The stock soared as much as 7.5% higher in the morning session, settling down to a 6.2% gain by 1:15 p.m. ET. American Tower's Q4 by the numbers American Tower's fourth-quarter revenue rose 3.7% year over year to $2.55 million. The analyst community's average estimate stopped at $2.51 billion. On the bottom line, unadjusted earnings soared from $0.18 to $2.62 per diluted share. Here, your average analyst would have settled for $1.75. Earnings enjoyed a strong boost from robust cost controls. American Tower's operating expenses came in 20% below the year-ago period's figure, driven by dramatically lower depreciation, amortization, and accretion costs. The company didn't sell a ton of assets but recalculated its amortization schedules in early 2024, based on a longer useful life for its towers. Shifting revenue streams, strong cash flow It shou Show less Read more
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