American Tower Profits Lost, Revenue Top Q4 by

© Reuters.  T. Rowe Price Equity Income Fund reduced stake in Quidel Corporation

© Reuters. American Tower Profits Lost, Revenue Top Q4 – American Tower (NYSE 🙂 reported Thursday the fourth quarter that it missed analysts’ forecasts and that revenue was above expectations. American Tower announced earnings per share of $ 0.82 on revenue of $ 2.12B. Analysts surveyed by anticipated EPS of $ 1.25 on revenue of $ 2.07 billion. Shares of American Tower are down 0% since the beginning of the year, still 17.42% from their 52-week high of $ 272.20 set on July 29, 2020. They are below the S&P 500, which has up 4.51% since the beginning of the year. American Tower Follows Other Major Service Sector Gains This Month The American Tower report follows earnings on February 2, which reported EPS of $ 14.09 on revenue of $ 125.56B, compared to forecasts for EPS of $ 7.2 on income of $ 119.72B. Alibaba’s ADR beat expectations on February 2 with a third quarter EPS of $ 22.03 on revenue of $ 221.08B, compared to the EPS forecast of $ 20.59 on revenue of $ 214.17B. Stay up-to-date on all upcoming earnings reports by visiting the earnings calendar.

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