Crown Castle Q4 AFFO $1.82 Beats $1.80 Estimate, Sales $1.67B Beat $1.66B Estimate
Portfolio Pulse from Benzinga Newsdesk
Crown Castle (NYSE:CCI) exceeded Q4 analyst estimates with an AFFO of $1.82 per share against the expected $1.80, and sales of $1.67B against the expected $1.66B. However, there was a 1.62% decrease in earnings per share and a 5.10% decrease in sales compared to the same period last year.
January 24, 2024 | 9:15 pm
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Crown Castle reported higher-than-expected Q4 earnings and sales, but experienced declines compared to the previous year's figures.
Beating analyst estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. However, the year-over-year declines in earnings and sales may temper the positive impact, suggesting a cautious optimism for the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100