Investing.com - American Tower (NYSE:AMT) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
American Tower announced earnings per share of $1.04 on revenue of $2.01B. Analysts polled by Investing.com anticipated EPS of $1.1 on revenue of $1.97B.
American Tower shares are down 0% from the beginning of the year and are trading at $230.13 , down-from-52-week-high.They are under-performing the S&P 500 which is up 1.25% from the start of the year.
American Tower follows other major Services sector earnings this month
American Tower's report follows an earnings beat by Visa A on Wednesday, who reported EPS of $1.12 on revenue of $5.1B, compared to forecasts EPS of $1.09 on revenue of $5B.
Verizon had beat expectations on Wednesday, October 21, 2020 with third quarter EPS of $1.25 on revenue of $31.5B, compared to forecast for EPS of $1.22 on revenue of $31.59B.
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