American Tower Corp. Q2 adjusted earnings Beat Estimates

American Tower Corp. (AMT) reported earnings for its second quarter that increased from last year.

The company's bottom line came in at $747.9 million, or $1.65 per share. This compares with $446.1 million, or $1 per share, in last year's second quarter.

Excluding items, American Tower Corp. reported adjusted earnings of $1.08 billion or $2.39 per share for the period.

Analysts had expected the company to earn $1.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 19.9% to $2.29 billion from $1.91 billion last year.

American Tower Corp. earnings at a glance:

-Earnings (Q2): $1.08 Bln. vs. $897.8 Mln. last year.
-EPS (Q2): $2.39 vs. $2.01 last year.
-Analysts Estimate: $1.27
-Revenue (Q2): $2.29 Bln vs. $1.91 Bln last year.

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