Crown Castle International's Earnings, Revenue Rise

Date : 10/16/2019 @ 8:59PM
Source : Dow Jones News
Stock : Crown Castle International Corp (CCI)
Quote : 135.94  0.0 (0.00%) @ 1:10PM

Crown Castle International's Earnings, Revenue Rise

Crown Castle (NYSE:CCI)
Historical Stock Chart

2 Months : From Sep 2019 to Nov 2019

Click Here for more Crown Castle Charts.
   By Allison Prang 
 

Crown Castle International Corp.'s (CCI) revenue and profit increased by double-digit percentages in the third quarter.

Crown Castle's profit was $272 million, up 66% from the comparable quarter a year prior. Earnings were 58 cents a share, up from 33 cents a share.

Adjusted funds from operations were $1.55 a share, up from $1.39 a share. Analysts polled by FactSet were expecting $1.48 a share.

Net revenues were $1.51 billion, up 10%. Analysts were expecting $1.48 billion.

Operating expenses rose 4.4%. Crown Castle reported a $32 million loss on the retirement of long-term obligations for the comparable quarter a year earlier, which hurt earnings.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

October 16, 2019 16:44 ET (20:44 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest CCI Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.