American Tower Reports Q1 AFFO and Revenue Above Estimates
American Tower (AMT) reported first-quarter AFFO of $2.84 per share and revenue of $2.74 billion, both exceeding estimates. The company raised its full-year AFFO and revenue outlook, citing strong demand drivers like mobile data usage and AI workloads. Mizuho upgraded AMT to Outperform, noting undervaluation and improving fundamentals.
Tickers: $AMT
Topics: AFFO Analyst Upgrade Earnings Revenue Stock Performance