-=American Tower (AMT) reported earnings on Tue 30 Oct 2018 (b/o)

American Tower beats by $0.19, beats on revs; guides FY18 revs above consensus, raises FY18 EBITDA Outlook

Reports Q3 (Sep) funds from operations of $1.85 per share, excluding non-recurring items, $0.19 better thanthe S&P Capital IQ Consensus of $1.66; revenues rose 6.2% year/year to $1.79 bln vs the $1.76 bln S&P Capital IQ Consensus.

Co issues upside guidancefor FY18, sees FY18 revs of $7.20-7.26 bln (Prior $6.84-6.97 bln) vs. $7.05 bln S&P Capital IQ Consensus.

The Company is raising the midpoint of its full year 2018 outlook for property revenue, Adjusted EBITDA and Consolidated AFFO by $325 million, $315 million and $255 million, respectively, and lowering the midpoint of its outlook for net income by $5 million.

Net income $1.285 to 1.315 (Prior bln $1.275-1.335 bln)

Adjusted EBITDA $4.580 to 4.620 bln (Prior $4.255-4.315 bln)

Consolidated AFFO $3.47 to $3.50 bln (Prior $3.20-3.26 bln)