Investing.com - American Tower (NYSE:AMT) reported fourth quarter earnings that missed analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.62 on revenue of $2.13B. Analysts polled by Investing.com forecast EPS of $0.76 on revenue of $2.04B. That compared to EPS of $0.51 on revenue of $1.7B in the same period a year earlier. The company had reported EPS of $0.83 on revenue of $1.79B in the previous quarter.
For the year, American Tower shares are up 10.01%, under-performing the S&P 500 which is up 12.8% year to date.
American Tower follows other major Services sector earnings this month
On Thursday, January 31, 2019, Amazon.com reported fourth quarter EPS of $6.04 on revenue of $72.38B, compared to forecasts of EPS of $5.65 on revenue of $71.88B.
Alibaba earnings beat analyst's expectations on Wednesday, January 30, 2019, with third quarter EPS of $12.19 on revenue of $117.28B. Investing.com analysts expected EPS of $11.45 on revenue of $119.03B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar