Crown Castle (CCI) Tops Q2 EPS by 5c, Offers Outlook
Crown Castle (NYSE: CCI) reported Q2 EPS of $0.36, $0.05 better than the analyst estimate of $0.31. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.32 billion.
Full Year 2018 OutlookThe table below compares the results for full year 2017, midpoint of the current full year 2018 Outlook and the midpoint of the previously provided full year 2018 Outlook for select metrics.
| Midpoint of FY 2018 Outlook to FY 2017 Actual Comparison | ||||||||||||
| (in millions) | CurrentFull Year2018 Outlook | Full Year2017 Actual | Change | % Change | Previous Full Year 2018 Outlook(d) | CurrentCompared to Previous Outlook | ||||||
| Site rental revenues | $4,688 | $3,669 | +$1,019 | +28 | % | $4,662 | +$26 | |||||
| Net income (loss) | $633 | $445 | +$188 | +42 | % | $629 | +$4 | |||||
| Adjusted EBITDA(a) | $3,147 | $2,482 | +$665 | +27 | % | $3,120 | +$27 | |||||
| AFFO(a)(b) | $2,278 | $1,860 | +$418 | +22 | % | $2,278 | — | |||||
| Weighted-average common shares outstanding - diluted(c) | 415 | 383 | +32 | +8 | % | 415 | — | |||||
For earnings history and earnings-related data on Crown Castle (CCI) click here.