A top-line beat and solid guidance are helping American Tower (AMT +2.1%) outperform following...
Tuesday, February 26, 1:49 PM ETA top-line beat and solid guidance are helping American Tower (AMT +2.1%) outperform following its Q4 report, in spite of an EPS miss. The cell tower owner expects 2013 revenue of $3.16B-$3.21B, in-line with a $3.19B consensus. AFFO is expected to total $1.36B-$1.41B - that represents 15.6% growth at the midpoint - and capex is seen amounting to $550M-$650M vs. $568M in 2012. AMT, which finished 2012 owning 54.K cell sites (22.5K in the U.S.), plans to build 2,250-2,750 more in 2013. (PR) (transcript)
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