Crown Castle Q3 FFO $1.77 Down From $1.85 YoY, Sales $1.67B Miss $1.71B Estimate
Portfolio Pulse from Benzinga Newsdesk
Crown Castle (NYSE:CCI) reported a decrease in Q3 earnings and sales YoY. Earnings per share were $1.77, down 4.32% from $1.85 last year. Sales were $1.67 billion, missing the analyst consensus estimate of $1.71 billion by 2.29% and down 4.52% from $1.75 billion last year.
October 18, 2023 | 8:17 pm
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NEGATIVE IMPACT
Crown Castle's Q3 earnings and sales have decreased YoY, missing analyst estimates. This could negatively impact the stock price.
Crown Castle's Q3 earnings and sales have decreased compared to the same period last year and missed analyst estimates. This underperformance could lead to a decrease in the stock price as it may shake investor confidence in the company's profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100