Categories Earnings, Other Industries

Crown Castle International (NYSE: CCI): Q3 2019 Earnings Snapshot

— Crown Castle International Corp. (NYSE: CCI) reported third-quarter 2019 earnings of $0.58 per share, vs. $0.49 per share expected.

— Revenues grew 10% to $1.51 billion, vs. $1.48 billion expected. Site rental revenues came in at $1.26 billion, up 6% year-over-year.

— AFFO per share for the quarter jumped 12% to $1.55.

— For full year 2020, Crown Castle expects net income of $1.088 billion – $1.168 billion and AFFO between $2.662 billion to $2.707 billion.

— CCI shares rose 1.7% immediately following the announcement.

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