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Home - Archived Articles - American Tower revenues to exceed expectations, earnings may fall short
Archived ArticlesTowers

American Tower revenues to exceed expectations, earnings may fall short

by Reily Gregson January 8, 2001
written by Reily Gregson January 8, 2001 Share
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BOSTON-American Tower Corp. said it expects fourth-quarter revenues to be in the range of $226 million to $233 million, exceeding the company’s previously announced expectations due in part to stronger-than-expected sales in the Internet, voice, data and video segments.

American Tower also said it expects fourth-quarter earnings to be between $56 million and $60 million, falling short of previous estimates due to a one-time reserve for bad debt of up to $7 million related to sales of components to Anicom Inc. American Tower plans to release its official results the week of Feb. 26.

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