Crown Castle (CCI) Q3 FFO and Revenues Beat Estimates

Crown Castle (CCI) came out with quarterly funds from operations (FFO) of $1.12 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to FFO of $1.84 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +7.69%. A quarter ago, it was expected that this operator of wireless communications towers would post FFO of $1 per share when it actually produced FFO of $1.02, delivering a surprise of +2%.Over the last fou ...