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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 , still down 7.96% from its 52 week high of $168.75 set on February 21. 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 following the report.
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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
