American Tower Corp. Q1 Earnings Advance 16%

(RTTNews) - American Tower Corp. (AMT) released a profit for its first quarter that increased compared to the same period last year.

The company said its bottom line came in at $289.29 million, or $0.67 per share. This was higher than $248.38 million, or $0.58 per share, in last year's first quarter.

Analysts had expected the company to earn $0.64 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 25.6% to $1.62 billion. This was up from $1.29 billion last year.

American Tower Corp. earnings at a glance:

-Earnings (Q1): $289.29 Mln. vs. $248.38 Mln. last year. -Earnings Growth (Y-o-Y): 16.5% -EPS (Q1): $0.67 vs. $0.58 last year. -EPS Growth (Y-o-Y): 15.5% -Analysts Estimate: $0.64 -Revenue (Q1): $1.62 Bln vs. $1.29 Bln last year. -Revenue Change (Y-o-Y): 25.6%