Crown Castle Beats 2nd-Qtr Expectations, Raises 2019 Outlook
July 17 2019 - 5:14PM
Dow Jones News
By Robert Barba
Crown Castle International Corp. (CCI) reported a 66% increase
in net income in its latest quarter.
The real estate investment trust company said it earned $246
million, or 52 cents a share in the the second quarter, compared
with $180 million, or 36 cents a share, a year earlier.
Adjusted funds from operations were $619 million. Analysts
polled by FactSet expected $595.9 million.
Net revenues rose 11% to $1.48 billion. Analysts expected $1.42
billion.
For the full year, the company said it expects net income
between $896 million to $956 million and adjusted funds from
operations of $2.46 billion to $2.49 billion. It previously guided
for between $781 million and $861 million in profit.
Write to Robert Barba at robert.barba@wsj.com
(END) Dow Jones Newswires
July 17, 2019 16:59 ET (20:59 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Crown Castle (NYSE:CCI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Crown Castle (NYSE:CCI)
Historical Stock Chart
From Apr 2023 to Apr 2024
