Investing.com - Crown Castle (NYSE:CCI) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.44 on revenue of $1.43B. Analysts polled by Investing.com forecast EPS of $0.4 on revenue of $1.39B. That compared to EPS of $0.21 on revenue of $1.3B in the same period a year earlier. The company had reported EPS of $0.44 on revenue of $1.42B in the previous quarter.
Crown Castle shares lost 0.02% to trade at $124.17 in after-hours trade following the report.
For the year, Crown Castle shares are up 14.33%, under-performing the S&P 500 which is up 17.08% year to date.
Crown Castle follows other major Services sector earnings this month
On Tuesday, Netflix reported first quarter EPS of $0.76 on revenue of $4.52B, compared to forecasts of EPS of $0.57 on revenue of $4.5B.
Las Vegas Sands earnings beat analyst's expectations on Wednesday, with first quarter EPS of $0.91 on revenue of $3.65B. Investing.com analysts expected EPS of $0.86 on revenue of $3.48B
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