American Tower Corp. Q1 adjusted earnings Beat Estimates

(RTTNews) - American Tower Corp. (AMT) announced earnings for first quarter that fell from last year.

The company's bottom line totaled $275.8 million, or $0.63 per share. This compares with $289.3 million, or $0.67 per share, in last year's first quarter.

Excluding items, American Tower Corp. reported adjusted earnings of $759.3 million or $1.73 per share for the period.

Analysts had expected the company to earn $0.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.4% to $1.74 billion from $1.62 billion last year.

American Tower Corp. earnings at a glance:

-Earnings (Q1): $759.3 Mln. vs. $680.5 Mln. last year. -EPS (Q1): $1.73 vs. $1.58 last year. -Analysts Estimate: $0.76 -Revenue (Q1): $1.74 Bln vs. $1.62 Bln last year.