American Tower Reports Second-Quarter Profit Surge to $867.5 Million

Earnings
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Summary · why it matters

American Tower Corporation reported a sharp increase in second-quarter net income, rising to $867.5 million, or $1.86 per share, from $366.8 million, or $0.78 per share, in the same period last year. Revenue for the quarter grew 4.7% to $2.749 billion, compared with $2.626 billion a year earlier. The results reflect GAAP figures.

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