Crown Castle Q1 AFFO Per Share $1.72, Inline, Sales $1.64B Beat $1.63B Estimate
Portfolio Pulse from Benzinga Newsdesk
Crown Castle (NYSE:CCI) reported Q1 AFFO per share of $1.72, meeting analyst expectations, and sales of $1.64B, slightly above the $1.63B estimate. This represents a 9.95% decrease in earnings and a 7.45% decrease in sales from the same period last year.
April 17, 2024 | 8:18 pm
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Crown Castle reported a Q1 AFFO per share of $1.72, in line with expectations, and sales of $1.64 billion, slightly above estimates but with a decrease in earnings and sales from the previous year.
While Crown Castle's Q1 AFFO per share met analyst expectations and sales exceeded estimates, the year-over-year decrease in both earnings and sales could temper investor enthusiasm. The inline AFFO suggests operational stability, but the declines indicate potential challenges in growth, which could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100