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American Tower (AMT -1%) Q2: net profit topples 58% to $48.2M, hurt by $118.6M of losses in...

American Tower (AMT -1%) Q2: net profit topples 58% to $48.2M, hurt by $118.6M of losses in connection to unrealized foreign currency impacts and other items. AMT raises its guidance for adjusted funds from operations to $1.19B-$1.21B from a prior forecast of $1.17B-$1.2B, and affirms its rental and management revenue outlook.

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