Crown Castle Maintains FY24 AFFO Per Share Forecast Of $6.91 - $7.02, Est $6.97
Portfolio Pulse from Benzinga Newsdesk
Crown Castle has maintained its full-year 2024 AFFO per share forecast between $6.91 and $7.02, aligning with estimates of $6.97. However, the company has reduced its net income outlook.
October 16, 2024 | 8:12 pm
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Crown Castle has kept its FY24 AFFO per share forecast steady, but has reduced its net income outlook. This suggests stable operational performance but potential challenges in profitability.
The maintenance of the AFFO forecast suggests stability in operational cash flow, which is positive. However, the reduction in net income outlook could indicate potential challenges in profitability, which might concern investors. The stock price impact is uncertain as the positive AFFO forecast may offset concerns about net income.
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