Investing.com - American Tower (NYSE:AMT) reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.83 on revenue of $1.79B. Analysts polled by Investing.com forecast EPS of $0.81 on revenue of $1.76B. That compared to EPS of $0.69 on revenue of $1.68B in the same period a year earlier. The company had reported EPS of $0.69 on revenue of $1.78B in the previous quarter.
For the year, American Tower shares are up 12.5%, outperforming the S&P 500 which is down 1.26% year to date.
American Tower follows other major Services sector earnings this month
On Thursday, Amazon.com (NASDAQ:AMZN) reported third quarter EPS of $5.75 on revenue of $56.58B, compared to forecasts of EPS of $3.08 on revenue of $57.11B.
Visa (NYSE:V) earnings beat analyst's expectations on Wednesday, October 24, 2018, with fourth quarter EPS of $1.21 on revenue of $5.43B. Investing.com analysts expected EPS of $1.2 on revenue of $5.44B
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