Investing.com - Crown Castle (NYSE:CCI) reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Crown Castle announced earnings per share of $0.43 on revenue of $1.43B. Analysts polled by Investing.com anticipated EPS of $0.47 on revenue of $1.45B. That with comparison to EPS of $0.44 on revenue of $1.42B in the same period a year before.Crown Castle had reported EPS of $0.58 on revenue of $1.51B in the previous quarter.Analysts are expecting EPS of $0.53 and revenue of $1.5B in the upcoming quarter.
Crown Castle shares are up 14.45% from the beginning of the year and are trading at $162.69 , down-from-52-week-high.They are outperforming the S&P 500 which is down 3.95% year to date.
Crown Castle follows other major Services sector earnings this month
Crown Castle's report follows an earnings beat by Amazon.com on Thursday, January 30, 2020, who reported EPS of $6.47 on revenue of $87.44B, compared to forecasts EPS of $4.04 on revenue of $86.03B.
Alibaba ADR had beat expectations on Thursday, February 13, 2020 with third quarter EPS of $18.19 on revenue of $161.46B, compared to forecast for EPS of $15.91 on revenue of $159.7B.
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