Despite reporting mixed financial
results for the fourth quarter on Wednesday, most Wall Street analysts
were cautiously upbeat about Crown Castle International’s performance.
As Zacks noted yesterday, Crown’s “top line beats the Zacks Consensus
Estimate but the bottom line lagged the same.”
The Houston-based company reported
earnings per share of $1.11, “a penny short of the Zacks Consensus
Estimate. However, GAAP net income fell roughly 5.1% year over year to
$130.1 million. Net revenue in the quarter increased 2.2% year over year
to $945.8 million, outpacing the Zacks Consensus Estimate of $932
million.” Continue Reading
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