Investing.com - Crown Castle (NYSE:CCI) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.52 on revenue of $1.48B. Analysts polled by Investing.com expected EPS of $0.41 on revenue of $1.42B. That compared to EPS of $0.36 on revenue of $1.33B in the same period a year earlier. The company had reported EPS of $0.44 on revenue of $1.43B in the previous quarter.
For the year, Crown Castle shares are up 21.15%, outperforming the S&P 500 which is up 20.49% year to date.
Crown Castle follows other major Services sector earnings this month
On Wednesday, Netflix reported second quarter EPS of $0.6 on revenue of $4.92B, compared to forecasts of EPS of $0.56 on revenue of $4.93B.
Prologis earnings beat analyst's expectations on Monday, with second quarter EPS of $0.62 on revenue of $700.69M. Investing.com analysts expected EPS of $0.38 on revenue of $698.76M
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar