Crown Castle shares are trading lower after the company issued FY23 EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Crown Castle has issued FY23 EPS guidance below estimates, leading to a decrease in its share price.
July 20, 2023 | 12:12 pm
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Crown Castle's lower than expected FY23 EPS guidance has negatively impacted its stock price.
Crown Castle's FY23 EPS guidance, which is lower than expected, has led to a decrease in its stock price. This is because EPS is a key indicator of a company's profitability, and lower than expected figures can lead to a decrease in investor confidence, resulting in a drop in the stock price.
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