Crown Castle's (CCI) Q1 AFFO & Revenues Surpass Estimates [Yahoo! Finance]
Crown Castle Inc. (CCI)
Last crown castle inc. earnings: 4/29 04:15 pm
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Source: Yahoo! Finance
However, the reported figure declined 9.9% from the year-ago quarter. Results reflect better-than-anticipated revenues. However, higher interest expense on debt obligations and lower contributions from adjusted EBITDA were undermining factors. CCI maintained its outlook for 2024. Net revenues of $1.64 billion, too, beat the Zacks Consensus Estimate of $1.63 billion. However, the figure fell 7.4% year over year. Quarter in Detail During the first quarter, CCI's site-rental revenues came in at $1.59 billion, down 2.2% from the prior-year quarter. The organic contribution of $17 million to the site rental billings reflected 1.2% growth and was not materially impacted by the Sprint Cancellations. Our estimate for site-rental revenues was pegged at $1.56 billion. On the other hand, services and other revenues plunged 64.4% year over year to $53 million. CCI's quarterly operating expenses decreased 3.7% year over year to $1.1 billion. The operating income fell to $538 million fr
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News
- Board Change at Crown Castle is Needed Urgently: Boots Capital Releases Investor Presentation [Yahoo! Finance]Yahoo! Finance
- Board Change at Crown Castle is Needed Urgently: Boots Capital Releases Investor PresentationPR Newswire
- Crown Castle Highlights Actions its Board Has Implemented to Successfully Strengthen Foundation and Position Company for Long-Term Value Creation [Yahoo! Finance]Yahoo! Finance
- Crown Castle Highlights Actions its Board Has Implemented to Successfully Strengthen Foundation and Position Company for Long-Term Value CreationGlobeNewswire
- Crown Castle Inc. (NYSE: CCI) had its price target raised by analysts at Barclays PLC from $111.00 to $112.00. They now have an "equal weight" rating on the stock.MarketBeat
CCI
Earnings
- 4/17/24 - Beat
CCI
Sec Filings
- 5/1/24 - Form DFAN14A
- 5/1/24 - Form 10-Q
- 4/25/24 - Form DEFA14A
- CCI's page on the SEC website