Crown Castle's Q3 AFFO Beats Estimates, Expenses Decrease Y/Y

Crown Castle Inc. (CCI) reported third-quarter 2024 adjusted funds from operations (AFFO) per share of $1.84, outpacing the Zacks Consensus Estimate of $1.80. The reported figure also increased by 4% from the year-ago quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Results reflect a rise in site rental revenues and a decline in total operating expenses year over year. However, a decline in services and other revenues affected the results to some extent. CCI maintained its ...