American Tower Delivers EPS Surprise
American Tower reported robust fourth-quarter earnings for 2024, surpassing analyst expectations despite macroeconomic challenges.
American Tower (NYSE:AMT), a leader in wireless communication infrastructure, announced its financial results for the fourth quarter of 2024 on February 25, 2025.
The results indicated robust performance, with earnings per share and revenue exceeding expectations. Adjusted EPS reached $2.62, a significant rise from the estimated $1.75. Additionally, total revenue was reported at $2,548 million, higher than the anticipated $2,510 million. This achievement reflects strong demand across its communication site network and strategic investments.
Overall, the quarter was positive, though challenges such as high tenant concentration remain.
