Crown Castle Reports Full Year 2019 Results, Updates Outlook for Full Year 2020, and Announces Restatement of Financial Results

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Go back to Crown Castle Reports Full Year 2019 Results, Updates Outlook for Full Year 2020, and Announces Restatement of Financial Results

Crown Castle (CCI) Misses Q4 EPS by 5c, Revenues Miss; Offers FY20 EPS/Revenue Guidance Below Consensus

February 26, 2020 5:01 PM EST

Crown Castle (NYSE: CCI) reported Q4 EPS of $0.43, $0.05 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $1.43 billion versus the consensus estimate of $1.49 billion.

"In 2019, we experienced our highest level of tower leasing activity in more than a decade as the continued growth in mobile data demand is driving our customers to make significant investments in their existing 4G networks, while they are also positioning their businesses for 5G,"... More