Crown Castle Earnings, Revenue Beat in Q2
2022.07.21 00:01
Crown Castle Earnings, Revenue Beat in Q2
Investing.com – Crown Castle (NYSE:CCI) reported on Wednesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Crown Castle announced earnings per share of $0.97 on revenue of $1.73B. Analysts polled by Investing.com anticipated EPS of $0.9577 on revenue of $1.71B.
Crown Castle shares are down 20% from the beginning of the year, still down 18.77% from its 52 week high of $209.87 set on December 31, 2021. They are outperforming the Nasdaq which is down 23.95% from the start of the year.
Crown Castle shares gained 0.03% 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 Monday, who reported EPS of $0.82 on revenue of $1.09B, compared to forecasts EPS of $0.6523 on revenue of $1.11B.
Equity Lifestyle had missed expectations on Monday with second quarter EPS of $0.33 on revenue of $275.33M, compared to forecast for EPS of $0.345 on revenue of $290.76M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
