American Tower Q3 Profit Increases - Quick Facts

(RTTNews) - American Tower Corp. (AMT) reported that its third-quarter net income attributable to common stockholders increased to $199.89 million or $0.50 per share from $180.12 million or $0.45 per share in the prior year quarter.

Total operating revenues for the quarter was $1.04 billion, higher than last year's $807.88 million.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.57 per share and revenues of $1.03 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead for 2014, the company expects net income to be in the range of $805 million - $825 million, AFFO of $1.800 billion - $1.820 billion, and total rental and management revenue $3.975 billion -$4.005 billion. Analysts expect the company to report earnings of $2.25 per share and revenues of $4.10 billion for fiscal 2014.