American Tower (AMT) Surpasses Q2 FFO and Revenue Estimates

American Tower (AMT) came out with quarterly funds from operations (FFO) of $2.79 per share, beating the Zacks Consensus Estimate of$ 2.53 per share. This compares to FFO of $2.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 10.28%. A quarter ago, it was expected that this wireless communications infrastructure company would post FFO of$ 2.55 per share when it actually produced FFO of $2.79, delivering a surprise of 9.41%.Over t ...