Crown Castle (CCI) Tops Q1 FFO and Revenue Estimates

Crown Castle (CCI) came out with quarterly funds from operations (FFO) of $1.72 per share, beating the Zacks Consensus Estimate of$ 1.71 per share. This compares to FFO of $1.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 0.58%. A quarter ago, it was expected that this operator of wireless communications towers would post FFO of$ 1.79 per share when it actually produced FFO of $1.82, delivering a surprise of 1.68%.Over the last ...