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Earning Updates (NYSE: AMT, ABC, FTR) by Penny Stock Pick Report
Earning Updates by Penny Stock Pick Report
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American Tower Corporation (NYSE:AMT) rose 1% to $37.53 after it said on Tuesday that its third-quarter profit rose to $67.6 million, or 17 cents a share, from $60.6 million, or 15 cents a share a year ago. Revenues climbed to $444.1 million, from $409.3 million a year ago. Analysts polled by FactSet Research had expected the company to earn 17 cents a share.
AmerisourceBergen Corp. (NYSE:ABC) climbed 3% to $23.15 after it said Tuesday its fourth-quarter net income rose 13% to $130 million, or 44 cents a share, from $115 million, or 37 cents a share in the year-ago period. Wall Street analysts expected earnings of 40 cents a share and revenue of $18.1 billion, according to a survey of analysts by FactSet Research. Revenue increased 9% to $18.7 billion. Operating income rose 11% to $224.6 million. AmerisourceBergen Corp. said it expects 2010 operating income of $1.82 to $1.92 a share, compared to the Wall Street expectation of $1.83 a share.
Frontier Communications Corp (NYSE:FTR) fell 1.50% to $7.17 after it said Tuesday that third-quarter earnings were $52 million, or 17 cents a share, compared to $47 million, or 15 cents a share, in the same period a year ago. Revenue fell to $527 million compared to $558 million, down 6%. Analysts polled by FactSet Research estimated, on average, earnings per share of 15 cents and sales of $531 million.
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