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-0.000215889464594085 -5.39723661484829E-05 -0.000539723661485289 0.0028605354058722 0.008419689119171 0.0156519861830743 0.0154360967184802 0.0169473229706391
Stock impact report

Crown Castle's (CCI) Q1 AFFO Beat, Site-Rental Revenues Fall [Yahoo! Finance]

Crown Castle Inc. (CCI) 
Last crown castle inc. earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.crowncastle.com
Company Research Source: Yahoo! Finance
Net revenues of $1.64 billion outpaced the Zacks Consensus Estimate of $1.63 billion. However, AFFO per share reported a 9.9% decline year over year. Net revenues fell 7.4% year over year. Crown Castle Inc. Price, Consensus and EPS Surprise Crown Castle Inc. price-consensus-eps-surprise-chart | Crown Castle Inc. Quote Site-Rental Revenues Decrease CCI's total site-rental revenues fell 2.2% year over year to $1.59 billion in the first quarter of 2024. The figure was higher than our estimate of $1.57 billion. The downside was driven by a decrease in towers and fiber segment site rental revenues. Site-rental revenues in the towers segment declined 1.2% year over year to $1.07 billion. It was slightly higher than our estimate of $1.06 billion. The year-over-year decrease was due to the slowdown in tower activity related to the early stage of the 5G investment cycle. Site-rental revenues in the fiber segment fell 4.2% year over year to $520 million. It was higher than our est Show less Read more
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