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American Tower Guides FY24 Property Revenue In Line With Estimates - Update
(RTTNews) - While reporting its financial results for the fourth quarter on Tuesday, American Tower (AMT) initiated its property revenue for the full-year 2024.
For fiscal 2024, the company now projects total property revenue in a range of $11.05 billion to $11.23 billion, net income in a range of $3.305 billion to $3.415 billion, adjusted EBITDA in a range of $7.080 billion to $7.190 billion, and consolidated AFFO in a range of $10.21 to $10.45 per share.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $4.87 per share on revenues of $11.22 billion for the year. Analysts' estimates typically exclude special items.
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American Tower Q2 Profit Nearly Doubles; Boosts FY24 Outlook
American Tower (AMT) reported Tuesday that net income attributable to the company for the second quarter nearly doubled to $900.3 million or $1.92 per share from $475.7 million or $1.02 per share in the prior-year quarter.
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American Tower Q1 Profit Nearly Triples; Boosts FY24 Outlook
American Tower (AMT) reported Tuesday that net income attributable to the company for the first quarter soared to $917.4 million or $1.96 per share from $335.8 million or $0.72 per share in the prior-year quarter.
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American Tower Trims FY22 Property Revenue Outlook - Update
While reporting its financial results for the second quarter on Thursday, American Tower (AMT) trimmed its property revenue for the full-year 2022.
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Australian Market Extends Early Losses In Mid-market
The Australian stock market is extending its early losses in mid-market moves on Wednesday, adding to the losses in the previous session, with the benchmark S&P/ASX 200 falling well below the 8,800 level, following the broadly negative cues from Wall Street overnight, dragged by tumbling mining, energy and technology stocks.
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Asian Markets A Sea Of Red
Asian stock markets are a sea of red on Wednesday, following the broadly negative cues from Wall Street overnight, dragged by the benchmark indexes in Japan and South Korea which are plunging 4 to 5 percent each on concerns over stretched valuations as global tech stocks tumble on fears that an AI bubble is about to burst. Asian markets closed mostly lower on Tuesday.
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Indian Markets Closed For Guru Nanak Jayanti
Indian markets remain closed today for a public holiday in observance of Guru Nanak Jayanti.
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No Help Yet For Thai Stock Market
The Thai stock market has moved lower in four straight sessions, slumping more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,300-point plateau and it's expected to open in the red again on Wednesday.
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Indonesia Shares Tipped To Open In The Red
The Indonesia stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,240-point plateau and the losses may accelerate on Wednesday.
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