08:20 AM EDT, 04/30/2024 (MT Newswires) -- American Tower ( AMT ) reported Q1 adjusted funds from operations Tuesday of $2.79 per share, up from $2.54 a year earlier.

Analysts polled by Capital IQ expected $2.54.

Operating revenue for the quarter ended March 31 was $2.83 billion, compared with $2.77 billion a year earlier. Analysts polled by Capital IQ expected $2.80 billion.

The company said it now expects fiscal 2024 adjusted funds from operations of $10.30 to $10.53 per share, versus $10.21 to $10.45 per share anticipated previously. Analysts polled by Capital IQ expect $10.33.

American Tower's ( AMT ) shares were up 2.7% in recent Tuesday premarket activity.

Price: 179.75, Change: +4.76, Percent Change: +2.72