Crown Castle announced earnings per share of $0.28 on revenue of $1.49B. Analysts polled by Investing.com anticipated EPS of $0.5347 on revenue of $1.5B.
Crown Castle shares are up 15.03% from the beginning of the year, still down 0.76% from its 52 week high of $184.51 set on April 20. They are outperforming the S&P 500 which is up 11.08% from the start of the year.
Crown Castle’s report follows an earnings beat by Verizon on Wednesday, who reported EPS of $1.31 on revenue of $32.9B, compared to forecasts EPS of $1.29 on revenue of $32.44B.
Netflix had beat expectations on Wednesday with first quarter EPS of $3.75 on revenue of $7.16B, compared to forecast for EPS of $2.97 on revenue of $7.14B.
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