Investing.com - Crown Castle (NYSE:CCI) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.49 on revenue of $1.51B. Analysts polled by Investing.com expected EPS of $0.48 on revenue of $1.48B. That compared to EPS of $0.33 on revenue of $1.38B in the same period a year earlier. The company had reported EPS of $0.52 on revenue of $1.48B in the previous quarter.
For the year, Crown Castle shares are up 23.99%, outperforming the S&P 500 which is up 20.72% year to date.
Crown Castle follows other major Services sector earnings this month
On Thursday, October 3, 2019, Costco reported fourth quarter EPS of $2.69 on revenue of $47.5B, compared to forecasts of EPS of $2.54 on revenue of $47.44B.
Netflix earnings beat analyst's expectations on Wednesday, with third quarter EPS of $1.47 on revenue of $5.25B. Investing.com analysts expected EPS of $1.03 on revenue of $5.25B
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