Crown Castle (CCI) Tops Q4 FFO and Revenue Estimates

Crown Castle (CCI) came out with quarterly funds from operations (FFO) of $1.12 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to FFO of $1.8 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +5.16%. A quarter ago, it was expected that this operator of wireless communications towers would post FFO of $1.04 per share when it actually produced FFO of $1.12, delivering a surprise of +7.69%.Over the las ...