Investing.com - American Tower (NYSE:AMT) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
American Tower announced earnings per share of $1.65 on revenue of $2.30B. Analysts polled by Investing.com anticipated EPS of $1.27 on revenue of $2.2B.
American Tower shares are up 10% from the beginning of the year and are trading at $284.98 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 16.53% from the start of the year.
American Tower follows other major Real Estate sector earnings this month
American Tower's report follows an earnings beat by Prologis on Monday, July 19, 2021, who reported EPS of $0.81 on revenue of $1.01B, compared to forecasts EPS of $0.4287 on revenue of $1.01B.
Equinix had missed expectations on Wednesday with second quarter EPS of $0.76 on revenue of $1.66B, compared to forecast for EPS of $1.87 on revenue of $1.64B.
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