Crown Castle’s (CCI) portfolio of wireless communication infrastructure assets in the United States positions it well to benefit from the high capital spending by wireless carriers to deploy 4G and 5G networks amid incremental customer demand, a rise in mobile data usage and spectrum availability. However, customer concentration and consolidation in the wireless industry are key concerns for the company. High interest rates add to its woes.What’s Aiding It?The exponential growth in mobile data usage, higher ...

Highly specialized real estate investment trust (REIT) Crown Castle (CCI 4.97%) was a highly sought-after stock Thursday. It closed 5% higher on the day thanks to a very solid set of quarterly earnings figures.As we all know, investors sometimes overreact to company news that is either sharply negative or highly positive. The post-earnings pop in this case, however, was an entirely appropriate reward.Crowning achievementsAfter market hours Wednesday, Crown Castle called in with its fourth-quarter numbers. A ...

HOUSTON, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE:CCI) ("Crown Castle") announced today certain year-end tax reporting information for its 2023 distributions. The following table summarizes, for income tax purposes, the nature of distributions paid to holders of Crown Castle Common Stock, par value $.01 per share ("Common Stock"), presented on a per share basis, during the calendar year ended December 31, 2023. Stockholders are encouraged to consult with their tax advisors as to their speci ...

Crown Castle Inc. (NYSE:CCI) Q4 2023 Earnings Conference Call January 25, 2024 10:30 AM ET Company Participants Kris Hinson - Vice President, Corporate Finance and Treasurer Tony Melone - Interim Chief Executive Officer Dan Schlanger - Chief Financial Officer Conference Call Participants Simon Flannery - Morgan Stanley Ric Prentiss - Raymond James Michael Rollins - Citi David Barden - Bank of America Brendan Lynch - Barclays Nick Del Deo - MoffettNathanson Jon Atkin - RBC Markets Batya Levi - UBS Richard Ch ...

| --- | --- | |----------------------------------------------|--------------------------------------------------------------------------------| | | | | | | | January 25, 2024 | | | Fourth Quarter 2023 Earnings Conference Call | | | | 1 Fourth Quarter 2023 Earnings Conference Call The pathway to possible. PAGE | Cautionary Language This presentation contains forward-looking statements and information ("Forward-Looking Statements") that are based on our management's current expectations. Statements that are n ...

Shares of Crown Castle (CCI 4.26%), a real estate investment trust (REIT) that is one of the largest owners and operators of cellphone towers, were moving higher after the company pleased investors with its fourth-quarter earnings report, topping estimates on the top and bottom lines.As of 12:47 p.m. ET, the stock was up 3.4%. Crown Castle tops a low barCrown Castle's business shrank in the quarter, with revenue down 5% to $1.67 billion, ahead of estimates of $1.65 billion. That decline was attributable to ...

Crown Castle Inc. (CCI) reported fourth-quarter 2023 adjusted funds from operations (AFFO) per share of $1.82, outpacing the Zacks Consensus Estimate of $1.79. However, the reported figure declined 1.6% from the year-ago quarter.Results reflect better-than-anticipated revenues aided by healthy site-rental revenue growth. However, higher interest expense on debt obligations and lower contributions from adjusted EBITDA were undermining factors. CCI maintained its outlook for 2024.Net revenues of $1.67 billion ...

Crown Castle Inc.’s (CCI) fourth-quarter 2023 adjusted funds from operations (AFFO) per share of $1.82 surpassed the Zacks Consensus Estimate of $1.79. Net revenues of $1.67 billion, outpaced the Zacks Consensus Estimate of $1.65 billion.However, AFFO per share reported a 1.6% decline year over year. Net revenues fell 5.1% year over year.For 2023, Crown Castle reported AFFO per share of $7.55, beating the Zacks Consensus Estimate of $7.52. Moreover, the figure increased 2.3% from the prior year’s $7.38. Net ...

For the quarter ended December 2023, Crown Castle (CCI) reported revenue of $1.67 billion, down 5.1% over the same period last year. EPS came in at $1.82, compared to $0.95 in the year-ago quarter.The reported revenue represents a surprise of +1.56% over the Zacks Consensus Estimate of $1.65 billion. With the consensus EPS estimate being $1.79, the EPS surprise was +1.68%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

Investors are always looking for stocks that are poised to beat at earnings season and Crown Castle Inc. (CCI) , may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Crown Castle is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty go ...