American Tower Corporation Raises FY 2012 EBITDA Guidance; Lowers FY 2012 Net Income Guidance

American Tower Corporation announced that its expectations for fiscal 2012 are that disciplined cost management and outperformance in core business will exceed potential headwinds from foreign currency fluctuations, and it is therefore maintaining fiscal 2012 guidance for rental revenue and raising outlook for adjusted EBITDA and AFFO. The Company expects adjusted EBITDA of $1.810 to $1.850 billion, adjusted Funds From Operations $1.185 to $1.207 billion and net income of $535 to $555 million for fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $1.829 billion and net income of $708 million for fiscal 2012.