Crown Castle Earnings Beat, Revenue Misses In Q1
2022.04.21 00:02
Crown Castle Earnings Beat, Revenue Misses In Q1
Investing.com – Crown Castle (NYSE:CCI) reported on Wednesday first quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
Crown Castle announced earnings per share of $0.97 on revenue of $1.58B. Analysts polled by Investing.com anticipated EPS of $0.9432 on revenue of $1.69B.
Crown Castle shares are up 6.26% from the beginning of the year, still down 5.69% from its 52 week high of $209.87 set on December 31, 2021. They are outperforming the S&P 500 which is down 6.44% from the start of the year.
Crown Castle shares lost 3.16% in after-hours trade following the report.
Crown Castle follows other major Real Estate sector earnings this month
Crown Castle’s report follows an earnings beat by Prologis on Tuesday, who reported EPS of $1.54 on revenue of $1.08B, compared to forecasts EPS of $0.6729 on revenue of $1.08B.
Equity Lifestyle had beat expectations on Monday with first quarter EPS of $0.45 on revenue of $285.07M, compared to forecast for EPS of $0.4101 on revenue of $290.79M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
