American Tower (AMT) Q1 FFO and Revenues Beat Estimates

American Tower (AMT) came out with quarterly funds from operations (FFO) of $2.79 per share, beating the Zacks Consensus Estimate of$ 2.55 per share. This compares to FFO of $2.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 9.41%. A quarter ago, it was expected that this wireless communications infrastructure company would post FFO of$ 2.18 per share when it actually produced FFO of $2.29, delivering a surprise of 5.05%.Over th ...