American Tower Q4 Profit Increases - Quick Facts

(RTTNews) - American Tower Corp. (AMT) reported that fourth-quarter net income attributable to common stockholders increased to $168.57 million or $0.42 per share from $99.98 million or $0.25 per share in the prior-year quarter.

Adjusted Funds From Operations (AFFO) increased 16.8 percent to $442 million, AFFO per share grew 15.8 percent to $1.10 from last year. Core Growth in AFFO was about 21.7 percent.

Total operating revenues for the quarter grew 11.1 percent to $1.05 billion from $941.97 million in the same quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.51 per share and revenues of $1.05 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead for 2015, the company expects net income to be in the range of $945 million to $995 million, AFFO of $1.94 billion to $2.0 billion, and total rental and management revenue between $4.25 billion and $4.33 billion. Analysts expect the company to report earnings of $2.68 per share and revenues of $4.62 billion for fiscal 2015.

The company noted that the current full-year outlook excludes the impact of the pending Verizon, TIM and Airtel transactions.