American Tower Corp (AMT) reported third quarter net income attributable to American Tower of $67.36 million or $0.17 per share, compared to $60.47 million or $0.15 per share last year.
On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of $0.17 per share. Analysts' estimates typically exclude special items.
Total operating revenues grew to $444.1 million from $409.27 million in the same quarter last year.
Twelve analysts estimated revenues of $430.02 million.
Based on its continued strong operating performance, the Company is reaffirming its Full Year 2009 Outlook that was provided on July 29, 2009.
The company reaffirmed its expectation for rental and management segment revenue in the range of $1.640 billion to $1.665 billion, and network development services segment revenue in the range of $35.0 million to $50.0 million. The company's total operating revenues constitute revenues of these two segments.
Income from continuing operations for the full year is still expected to be in the range of $235 million to $247 million.
Analysts expect the company to earn $0.62 per share, on revenues of $1.7 billion.
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