Investing.com - Crown Castle (NYSE:CCI) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Crown Castle announced earnings per share of $0.38 on revenue of $1.42B. Analysts polled by Investing.com anticipated EPS of $0.49 on revenue of $1.44B. That with comparison to EPS of $0.44 on revenue of $1.43B in the same period a year before.Crown Castle had reported EPS of $0.43 on revenue of $1.43B in the previous quarter.Analysts are expecting EPS of $0.52 and revenue of $1.47B in the upcoming quarter.
Crown Castle shares are up 9.26% from the beginning of the year and are trading at $154.99 , down-from-52-week-high.They are outperforming the S&P 500 which is down 9.4% year to date.
Crown Castle shares lost 0.21% in after-hours trade the report.
Crown Castle follows other major Services sector earnings this month
Crown Castle's report follows an earnings beat by Verizon on Friday, who reported EPS of $1.26 on revenue of $31.61B, compared to forecasts EPS of $1.22 on revenue of $32.38B.
AT&T had missed expectations on April 22 with first quarter EPS of $0.84 on revenue of $42.78B, compared to forecast for EPS of $0.85 on revenue of $44.2B.
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