Crown Castle International Releases 2020 Guidance
October 16 2019 - 5:11PM
Dow Jones News
By Allison Prang
Crown Castle International Corp. (CCI) released its guidance for
2020 and reaffirmed its 2019 expectations.
The company said it expects profit for 2020 to be between $1.088
billion and $1.168 billion. It expects adjusted earnings before
interest, taxes, depreciation and amortization to be between $3.569
billion and $3.614 billion.
Crown Castle said it expects funds from operations to be between
$2.539 billion and $2.584 billion. It expects adjusted funds from
operations to be between $2.662 billion and $2.707 billion.
It also expects site rental revenues to be between $5.196
billion and $5.241 billion.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 16, 2019 16:56 ET (20:56 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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