Crown Castle (CCI) Q3 FFO and Revenues Surpass Estimates

Crown Castle (CCI) came out with quarterly funds from operations (FFO) of $1.84 per share, beating the Zacks Consensus Estimate of $1.80 per share. This compares to FFO of $1.77 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 2.22%. A quarter ago, it was expected that this operator of wireless communications towers would post FFO of $1.65 per share when it actually produced FFO of $1.62, delivering a surprise of -1.82%. Over the l ...