Crown Castle (CCI) Tops Q3 EPS by 6c
Crown Castle (NYSE: CCI) reported Q3 EPS of $0.33, $0.06 better than the analyst estimate of $0.27. Revenue for the quarter came in at $1.38 billion versus the consensus estimate of $1.35 billion.
OUTLOOK
This Outlook section contains forward-looking statements, and actual results may differ materially. Information regarding potential risks which could cause actual results to differ from the forward-looking statements herein is set forth below and in Crown Castle's filings with the Securities and Exchange Commission ("SEC"). Beginning in 2019, the Outlook section of Crown Castle's quarterly earnings releases will include Outlook for full year periods only.
The following table sets forth Crown Castle's current Outlook for fourth quarter 2018, full year 2018 and full year 2019:
| (in millions) | Fourth Quarter 2018 | Full Year 2018 | Full Year 2019 | ||||||||||||
| Site rental revenues | $1,189 | to | $1,199 | $4,696 | to | $4,706 | $4,898 | to | $4,943 | ||||||
| Site rental cost of operations(a) | $343 | to | $353 | $1,400 | to | $1,410 | $1,438 | to | $1,483 | ||||||
| Net income (loss) | $201 | to | $226 | $659 | to | $684 | $738 | to | $818 | ||||||
| Adjusted EBITDA(b) | $820 | to | $830 | $3,144 | to | $3,154 | $3,303 | to | $3,348 | ||||||
| Interest expense and amortization of deferred financing costs(c) | $160 | to | $170 | $638 | to | $648 | $691 | to | $736 | ||||||
| FFO(b)(d) | $567 | to | $577 | $2,055 | to | $2,065 | $2,252 | to | $2,297 | ||||||
| AFFO(b)(d) | $591 | to | $601 | $2,273 | to | $2,283 | $2,413 | to | $2,458 | ||||||
| Weighted-average common shares outstanding - diluted(e) | 416 | 415 | 416 | ||||||||||||
For earnings history and earnings-related data on Crown Castle (CCI) click here.