Crown Castle Q2 2024 FFO $1.62 Misses $1.66 Estimate, Sales $1.58B Miss $1.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
Crown Castle (NYSE:CCI) reported Q2 2024 earnings per share of $1.62, missing the analyst consensus estimate of $1.66 by 2.41%. The company also reported quarterly sales of $1.58 billion, missing the estimate of $1.62 billion by 2.33%. This represents a 15.37% decrease from the same period last year.
July 17, 2024 | 8:11 pm
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NEGATIVE IMPACT
Crown Castle's Q2 2024 earnings and sales both missed analyst estimates, with a notable year-over-year sales decline of 15.37%.
The earnings and sales misses, combined with a significant year-over-year decline in sales, are likely to negatively impact Crown Castle's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100